Meme Coin Community Reels as X Suspends Key Accounts

Several X accounts associated with meme coin launchpad Pump.fun and open-source operating system ElizaOS were suspended today, including the projects’ official accounts and personal profiles of key executives. The suspended accounts include those of Pump.fun co-founder Alon Cohen and Eliza Labs leader Shaw Walters, who created ElizaOS. Beyond Pump.fun and ElizaOS, other impacted accounts include those associated with GMGN, Bloom Trading, and BullX.

All projects’ websites remain operational despite the X account suspensions. The suspensions occurred without any explanation from X or the affected individuals. Users began noticing "user not found" errors around 7:30 p.m. UTC, effectively silencing the primary communication channels for the Solana-based memecoin launchpad site.

The suspensions extended beyond Pump.fun, affecting a range of accounts tied to the memecoin community. Notable accounts included those linked to the GMGN and Bloom trading communities, such as @gmgnai, @haze0x, @arthur_gmgn, @BloomTrading, and @imBFFF00. Additionally, bot-infrastructure developers like @bullx_io and @ElizaOS were also impacted. An X user identified as Otto compiled a list of dozens of suspended profiles, suggesting that the event was an "internal enforcement sweep" rather than a result of coordinated mass-report campaigns. However, this claim could not be verified.

The suspended accounts primarily provided trading tools, automated order routing, or marketing services for on-chain assets. These functions often interact with X’s rules on platform manipulation and spam. The list also included influencers and well-known traders within the memecoin circles, indicating a broad impact on the community.

Within the first hour of the suspensions, users flooded Pump.fun with memecoins referencing the event and the founder’s alias. This surge in activity led to five of these tokens trending among the top 10 for the day. Collectively, these tokens accounted for a significant volume of transactions, highlighting the immediate reaction and engagement from the memecoin community.

The suspensions also affected the graduation of memecoins from Pump.fun. Out of the 31 tokens that fulfilled the bonding curve and "graduated" within one hour after the ban, 15 were related to the episode. This data underscores the disruption caused by the suspensions and the community's response to the event.

The suspensions of these accounts have significant implications for the memecoin sector. The removal of key communication channels and influential figures can disrupt the flow of information and coordination within the community. Additionally, the impact on trading tools and automated services highlights the reliance of the memecoin sector on these technologies for its operations. The lack of explanation from X leaves the community in uncertainty, potentially affecting trust and engagement in the sector.