Hyperstition #33 — June 17, 2025
Pump.fun's (brief) X suspension, war-themed token rally continues, and more.
Pump.fun’s (brief) X suspension ignites flash meta
Pump.fun’s brief suspension from X sparked a short-lived memecoin meta and underscored the fragility of crypto’s off-chain infrastructure dependencies.
On Monday, the social media platform X abruptly suspended the account of Pump.fun, Solana’s leading token launchpad, along with the account of its co-founder Alon and nearly two dozen other crypto-related profiles.
The platform offered no explanation beyond its standard notice for rule violations. Pump.fun’s account was reinstated by Tuesday.
With Pump.fun’s X account suspended for a full trading day, memecoin traders treated the platform’s absence from social media as a trading cue. Pump.fun’s web application continued to function normally.
Tokens like ElonFreePumpfun (FREE) and Just a banned guy (BANNEDGUY) launched within hours of the account suspension.
As of June 17, FREE has soared to a multi-million dollar market cap before declining by roughly 50% to less than $1 million shortly after Pump.fun’s X account was reinstated.
Similarly, BANNEDGUY reached highs of more than $700 million before dropping to less than $50,000 per coin on Tuesday.
Speculation about the suspensions has included mass reporting and possible legal issues, though several users pointed to the use of third-party APIs.
X banned unauthorized API access in early 2023 and charges up to $60,000 per year for official access. Some accounts may have used external tools to avoid those fees.
While brief, the suspension highlighted the extent to which memecoin activity depends on external platforms beyond the industry’s control.
In Other News…
War meta tokens gain traction amid Israel–Iran conflict
Ongoing hostilities between Israel and Iran have driven renewed activity in conflict-related memecoins on Solana.
The two countries have exchanged missile strikes for five consecutive days, including strikes on major cities. President Donald Trump has warned of potential US military involvement, including support for Israeli operations targeting Iranian nuclear sites.
Hundreds of themed tokens have launched on platforms such as Pump.fun since Friday.
While directly named coins like Iran Vs Israel (WAR) and USELESS WAR COIN (WARCOIN) posted early gains before retracing, others with broader or symbolic themes have held firmer ground.
Global Money Supply (M2), tied to inflation concerns, peaked above $3 million and remains actively traded. As of June 17, the token trades at just under $1 million, per DexScreener.
Palantir Inu (PI), referencing the U.S. defense contractor, reached a $1.5 million market cap and continues to show relatively stable chart structure.
Just a peace guy (PEACEGUY) surged to nearly $4 million in its first 24 hours before falling below $500,000.
Wardog (wardog), an earlier entrant, has seen intermittent spikes but has struggled to maintain momentum amid a crowded field. It currently trades at around $40,000.
Traders appear to favor tokens with flexible or thematic relevance over those explicitly tied to breaking headlines.
By the Numbers
