Pump.fun Allegedly Sold $741M in SOL Before X Suspension: Are They Planning a Silent Exit?

On June 16, 2025, X suspended the PumpFun account, a Solana-based memecoin launchpad, along with several related accounts including founder Alon Cohen’s. X hasn’t provided specific reasons beyond a standard rules violation notice; however, industry observers point to potential issues like unauthorized API usage, platform feature misuse, or regulatory concerns. The suspension occurred near PumpFun’s