Crypto Chaos: The Great X-ile — Memecoin Moguls Banished, Speculation Ensues 🦄

What you must know to maintain your reputation as a person of wit (or at least avoid appearing positively Victorian):

  • The illustrious X—once known merely as ‘Twitter’ before its dramatic midlife crisis—abruptly ejected Pump.fun’s official account and the enigmatic co-founder, Alon Cohen, on June 16, with the subtlety of a Victorian grandmother discovering Twitter for the first time.
  • No rationale was proffered—radio silence that spawned more theories than there are meme coins. Policy? Regulation? General distaste for fun? The drawing rooms of crypto were abuzz, naturally.
  • Pump.fun, ever the plucky protagonist, remains online, poising Solana memecoins with the energy of a caffeinated dandy at a midnight gala.

X delivered its bans with the precision of a butler laying out silverware: Pump.fun, Alon Cohen, and a whole supporting cast of memecoin thespians—GMGN, Bloom Trading, BullX, ElizaOS—were all sent packing. Not a single explanatory note, not even a “farewell, commoners.” The absence of reason only served to inflate speculation, with whispers of policy misconduct and regulatory thunderclouds drifting through the drawing rooms of digital society.

Meanwhile, Pump.fun’s website continues to manufacture Solana memecoins untroubled, as if blissfully unaware it’s been cast out from the X ballroom. Rumours for the exile include unlicensed livestreams, nefarious API gymnasts, or early SEC sabre-rattling—each deliciously unconfirmed, which, of course, is the very lifeblood of good gossip.

Let’s not forget last November, when livestreaming worries over everything from threats of violence to performances more explicit than one’s Aunt Edna at midsummer, forced Pump.fun to unplug the feature entirely. The show must go offline, apparently. 🍸

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2025-06-17 08:24