Home Bitcoin Pump.Fun Account On X Suspended – Is the Fun Over for Traders?

Pump.Fun Account On X Suspended – Is the Fun Over for Traders?

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PumpFun and its founder’s X accounts were suspended just days before the launch of the highly anticipated $PUMP crypto token airdrop. Fishy, especially since this isn’t the first time a big crypto account has been randomly suspended like this.

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Why Was The Pump.fun Account Suspended?

We still haven’t gotten an official reason for the suspension. However, reports indicate that Twitter is cracking down on shared and redistributed APIs. It all kicked off when WuupX got hit with a C&D for breaking Twitter’s ToS.

Some crypto apps like Pump.fun, GMGN, and Bloom use Twitter trackers and snipers (tools that track tweets or wallets quickly). But instead of getting that data the legit way through Twitter, the word on the street is they were probably using “black market” or shared APIs—unofficial, unauthorized ways to grab Twitter data.

X is coming down hard on this, starting with WuupX getting hit with a suspension for breaking Twitter’s terms of service. Now, other tools with similar setups are getting suspended too.

The suspension is sparking mixed reactions in the crypto community. Some are worried about the token launch and whether it’ll even happen now, while others are joking around, saying this might kick off the bull run and is a bullish sign.

How Could Pump.fun Be Affected By This?

Pump.fun has been the go-to platform for launching coins on Solana for the past year. Its airdrop was highly anticipated, with the $PUMP token trading at a $6B FDV in the pre-market. This account suspension is a huge blow to Pump Fun, and it could lead to a major crash in the price after launch and hurt platform activity, since Twitter was their main marketing source.

Of course, this all depends on whether the account stays banned, which seems pretty likely. X is known for being super strict with their rules around API distribution, so we’ll just have to wait and see how it plays out. Only time will tell.

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Key Takeaways

  • X is cracking down on unauthorized API use, suspending tools like WuupX and Pump.fun.
  • Crypto community divided on impact; concerns over token launch vs. bullish market outlook.

The post Pump.Fun Account On X Suspended – Is the Fun Over for Traders? appeared first on 99Bitcoins.





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