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  • elrond-erd-2MultiversX (EGLD) $ 13.70

X accounts tied to Pump.fun, ElizaOS, and GMGN suspended

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X accounts tied to Pump.fun, ElizaOS, and GMGN suspended

Key Takeaways

  • On June 16, X took down a series of accounts linked to Pump.fun and ElizaOS.
  • Pump.fun’s website is unaffected by the suspensions.

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.

X accounts tied to Pump.fun, ElizaOS, and GMGN suspended

All projects’ websites remain operational despite the X account suspensions. Crypto Briefing has contacted Pump.fun’s team for comment regarding the account suspensions.

The suspensions come ahead of Pump.fun’s planned $1 billion token sale, which was reported by Blockworks earlier this month.

The platform is also considering sharing protocol revenue with future holders of its PUMP tokens, potentially through a buyback-powered utility structure, according to a recent report from The Block.

Details about the revenue-sharing mechanism, including possible inclusion of income from its decentralized exchange PumpSwap, have not been finalized.

Source

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