- Pump.fun and founder Alon Cohen returned to X after a 24-hour unexplained suspension.
- Solana meme coins Trump, Fartcoin, and Bonk each hold market caps above $1 billion.
- Critics accuse Pump.fun of promoting scams and draining liquidity from legitimate projects.
One of the top Solana meme coin launchpads, Pump.fun has returned to X after a 24-hour suspension that put the community on edge. The revival of Pump.fun and its founder’s X accounts comes after the increased scrutiny of meme coins, with developers and investors raising concerns over the long-term sustainability of Solana’s meme ecosystem.
Solana Meme Coin Platforms Face Suspension and Backlash
The brief ban on the Pump.fun’s X account coincided with a broader crackdown on crypto-affiliated accounts. X suspended nearly 20 profiles, including several Solana-based projects. According to sources, the platform cited rule violations linked to bot activity and unauthorized API use as the reason for the suspensions. While Pump.fun and its founder, Alon Cohen, have returned, other accounts such as ElizaOS remain offline.
Pump.fun has not released an official statement about the suspension. Upon restoration, its X account posted an image of the project mascot and a brief caption. This low-profile return did little to end speculation about whether the suspensions were technical or linked to potential regulatory pressures on meme coin activity.
Amid these developments, Pump.fun continued to face criticism. James Wynn, a high-risk trader, publicly claimed that the platform was harmful to the culture of meme tokens and created new scams. Critics also expressed concern that Pump.fun contributed to congestion on the Solana network and asset liquidity on more established projects.
Market Data Shows Solana Meme Coins Holding Ground
Despite recent market fluctuations, the Solana meme coin industry remains active. According to data from CoinGecko, the market cap chart on June 18, 2025, shows that leading meme tokens such as Official Trump ($1.87 billion), Fartcoin ($1.08 billion), and Bonk ($1.07 billion) still dominate the market. Other notable tokens include dogwifhat ($771 million) and Pudgy Penguins ($574 million).
The majority of top Solana meme cryptocurrencies experienced a strong rally in April, with a consolidated and slight correction in June. Smaller tokens such as Popcat and Dog (Bitcoin) have demonstrated the possibility of more expansion, and lower-tier projects such as Peanut the Squirrel and Gigachad are still attracting niche communities. The Solana meme coin market’s capacity to maintain liquidity and attract attention despite high-profile scandals and technical interference underscores its resilience.
Related: Memecoin Frenzy: Fartcoin Leads Pump.fun Surge with $62.42M Trading Volume
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
