CoinDesk Podcast Network Pump.fun and Other Memecoin Accounts Suspended From X | COINDESK DAILY
Jun 17, 2025
The recent suspension of Pump.fun and other memecoin accounts on X raises important questions about freedom of speech on social media platforms. Host Sam Ewen dives into the implications of this crackdown on user engagement in the crypto world. Additionally, the podcast discusses a liquidity attack on Polyhedra and notable market moves, including ARK Invest's significant sell-off of Circle shares. This lively conversation sheds light on current trends and challenges facing the crypto industry.
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X Platform Crackdown on Memecoins
- The social platform X, owned by Elon Musk, does not treat all speech equally free, especially regarding memecoins.
- X suspended the official Pump.fun account and other memecoin-related handles, signaling a crackdown on this sector.
Polyhedra Faces Liquidity Attack
- The token I.O. lost nearly half a billion dollars in market cap in an hour due to a coordinated liquidity attack.
- Polyhedra responded by injecting liquidity to stabilize its token price after the attack.