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X banned Pump.fun and other accounts tied to memecoins, fueling speculation over regulatory involvement and anti-scam enforcement.
What’s the Scoop?
- Platform Suspensions: X suspended the accounts of memecoin launchpad Pump.fun and its founder Alon, alongside other crypto-linked profiles.
- Speculation Abounds: The abrupt bans triggered concerns about regulatory involvement and allegations of pump-and-dump schemes tied to the platforms.
- Wider Crackdown: Other suspended accounts include GMGN, Bloom Trading, and BullX, suggesting a broader memecoin-focused enforcement action.
- Platform Operational: Despite the bans on X, Pump.fun’s platform continues to operate as usual.
