Pump.fun Expands Meme Coin Craze With New Mobile App
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Solana-Based Launchpad Now Available on iOS and Android
Pump.fun, the popular Solana meme coin launchpad, has introduced a mobile app for iOS and Android users, allowing traders and creators to launch tokens directly from their phones. The platform, which has played a pivotal role in launching over 7 million tokens, aims to make trading and token creation even more accessible through its new mobile experience.
The app mirrors Pump.fun’s website functionality, letting users sign up via email or Google, which automatically generates a Solana wallet using infrastructure from Privy. Once registered, users can create tokens for free or fund their wallets to buy and sell existing meme coins.
While token creation comes at no cost, Pump.fun takes a fee from each trade, citing platform maintenance as the reason. The app has been categorized under "entertainment" in app stores, where it has seen approximately 50,000 downloads so far, though its average rating lingers below 2.5 stars.
A Pump.fun representative said that user demand prompted the launch of the mobile app. Initially listed in app stores in October, the app lacked full functionality at the time. The team has since refined it, hinting at upcoming feature additions. The company hopes mobile accessibility will drive continued user engagement, positioning the app as an alternative to its web-based experience.
Pump.fun’s meteoric rise has not come without controversy. The platform has reportedly amassed nearly $500 million in fees over the past year, according to DefiLlama. Each time Solana funds are moved from its fee address to centralized exchanges, community scrutiny follows.
Speculation recently swirled around a potential Pump.fun token launch, though project co-founder Alon Cohen dismissed the rumors. The platform also faced regulatory pressure, blocking UK users in December after a warning from the country’s financial authority. Additionally, a class action lawsuit has been filed, alleging Pump.fun facilitates the unregistered sale of securities.
Despite the challenges, Pump.fun remains a dominant force in the Solana ecosystem, helping fuel the ongoing meme coin frenzy. The app’s success will ultimately depend on whether users find value in its mobile experience and whether the platform can navigate the legal and regulatory scrutiny surrounding its rapid expansion.
This article has been refined and enhanced by ChatGPT.