Pump.fun and Other Memecoin Accounts Suspended From X | COINDESK DAILY

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4.7 • 698 Ratings

🗓️ 17 June 2025

⏱️ 3 minutes

🔗️ Recording | iTunes | RSS

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Summary

Host Sam Ewen breaks down the latest news in the crypto industry as X suspended Pump.fun’s official account. Social media giant X suspended Pump.fun’s official account and co-founder Alon Cohen’s handle on June 16, along with other memecoin platforms in an apparent crackdown. What does it say about the freedom of speech on the platform? Plus, Polyhedra suffered a liquidity attack and ARK Invest sold $51.8 million worth of Circle shares. CoinDesk’s Sam Ewen hosts “CoinDesk Daily.” - Ledn is the leading platform for Bitcoin-backed loans, offering a secure and transparent way to unlock liquidity without selling your Bitcoin. Ledn has issued over $9 billion in loans since 2018 and has never lost a single satoshi of client assets, earning a reputation as the name you can trust in the crypto space. Visit ledn.io to learn more. - This episode was hosted by Sam Ewen. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0	This is CoinDest Daily. I'm your host, Sam Ewan.
0:09.0	Is all speech-free speech on X, the social platform owned by Elon Musk? It appears not to be the
0:15.0	case in regards to meme coins. The platform suspended Pump.combe's official account,
0:19.9	along with co-founder Alan Cohen's handle on June 16.
0:23.1	In addition, other meme coin-related handles were also suspended.
0:26.6	The site is still operating and coins are still being minted and pushed, but is one of the main user funnels dead?
0:31.9	We will wait and see.
0:33.0	Wish you could access cash without selling your Bitcoin?
0:35.9	Lennon makes that possible.
0:37.5	The global leader in Bitcoin-backed lending, Lennon has issued over $9 billion in loans since
0:42.5	2018 and never lost a single Satoshi of client assets.
0:46.9	Why is the Lennon loan different?
0:48.7	With custody loans, collateral is not lent out to generate interest, no credit checks,
0:53.8	funds in less than 12 hours,
0:55.7	no monthly payments, repay whenever you want, with zero penalties.
1:00.1	And proof of reserves reports verified by a top accounting firm are published every six months.
1:05.9	Lenin gives Bitcoin holders a secure, transparent way to unlock liquidity without selling.
1:10.7	Learn more at leden.io.
1:12.9	That's LEDN.io.
1:15.3	Kathy Wood's ARC invest took some money off the table as it sold $51.8 million worth of circle
1:21.2	shares on Monday for a nice profit. Arc bought $373 million of Circle on its first day of trading,
1:28.8	and as of close of day Monday,
	...

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