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PumpFun X Suspension and Gets Sued Finally – All You Should Know
The recent suspension of PumpFun’s account by X has sent shockwaves throughout the cryptocurrency market. The development, which has left many in a state of confusion, has been met with a mixture of reactions from various stakeholders.
According to reports, PumpFun, along with its co-founder, was suspended from the platform amid allegations of API violations and potential regulatory issues related to its “AutoRug” feature. This comes after a string of account suspensions by X among top crypto influencers over the past 24 hours.
The news has sparked concerns about the future prospects of PumpFun’s popular memecoin ecosystem, which has attracted significant attention in recent times. Market observers are now left wondering whether this development will have any lasting impact on the Solana cryptocurrency market and other associated tokens.
As a result, many users have already begun withdrawing their funds from central exchanges like Kraken, resulting in a crash of several memecoins and an accompanying price drop for Solana’s SOL token.
Source: usethebitcoin.com
