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Home Crypto Technical Analysis

PumpFun Faces Scrutiny as X Suspends Official and Founder Accounts

J_News by J_News
June 16, 2025
in Crypto Technical Analysis, Top News
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End of The Ride? Pump.fun’s Memecoin Platform Launches are Down 80%
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TLDR

  • PumpFun’s official X account was suddenly suspended without any public explanation.
  • The founder’s personal X account was also suspended shortly after a controversial post.
  • The platform gained popularity by allowing users to create and trade meme tokens quickly.
  • Some users began calling PumpFun the slot machine of DeFi due to rapid token price swings.
  • There are unconfirmed reports about a new AutoRug feature that could auto-launch and close meme tokens.

The official X account of meme coin platform PumpFun has been suspended without warning, creating uncertainty across the crypto community. The suspension occurred at a critical time as the platform experienced rapid growth and high user activity. Meanwhile, the founder’s personal account was also taken down shortly after a controversial post.

This incident has triggered widespread speculation, though neither the platform nor X has released a public explanation. PumpFun remains active through its website and alternative social channels, but the impact on user engagement is unknown. As the suspension continues, traders are questioning the platform’s future visibility and reach.

The situation has emerged during a period of heightened scrutiny around decentralized finance tools and meme-based assets. PumpFun’s recent trajectory may have drawn attention from multiple parties, including social media moderators and regulatory observers. The lack of official clarification has only deepened the confusion.

Platform Under Scrutiny Amid Growing Popularity

PumpFun has gained significant traction for enabling users to launch and trade meme tokens instantly. Many users have experienced sharp token price fluctuations shortly after launch, drawing attention to its mechanics. Critics have described the process as resembling gambling, linking it to unpredictable outcomes.

JUST IN: X suspends crypto meme coin platform Pump․fun pic.twitter.com/TDKQpxLuie

— Watcher.Guru (@WatcherGuru) June 16, 2025

The platform’s simplicity has made it attractive to speculative traders, increasing daily volume and user participation. However, the emergence of short-lived tokens with quick gains followed by price crashes has raised concerns. As a result, some community members began referring to it as a digital “slot machine.”

This nickname appears to have sparked concern among observers and may have contributed to platform scrutiny. Reports suggest increased attention from both the crypto community and oversight bodies. The timing of the suspension aligns with a period of rapid platform evolution and user-driven volatility.



AutoRug Rumors and Liquidity Questions Spark Alarm

Claims about a new feature called AutoRug have further fueled questions about PumpFun’s intentions and practices. The proposed tool would allow instant meme coin launches followed by immediate shutdowns. Although unconfirmed, the idea has generated debate over transparency and risk.

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Additionally, some users reported irregular wallet activity described as “Liquidity Harvesting 2.0.” Funds allegedly moved unexpectedly between wallets, raising concerns about internal mechanics. Influencers flagged these movements as suspicious, increasing community tension.

Both incidents may have attracted regulatory attention and social media policy action. The founder’s suspension followed shortly after he posted a cryptic message referencing aggressive innovation.

 





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