Quick Facts:
- App Launch: Pump.fun released its first mobile app for Solana memecoin trading.
- Features: Real-time market updates, wallet integration, and instant memecoin launches.
- Solana Boom: The app capitalizes on Solana’s growing memecoin trading trend.
Pump.fun, the Solana-based token launchpad, has launched its first mobile app for Android and iOS, allowing users to trade and create memecoins directly from their phones. Users can create a profile with an email or Google login, which auto-generates a Solana wallet via Privy’s infrastructure.
The new Pump.fun app provides users with an intuitive interface to trade memecoins on the Solana blockchain. It includes built-in wallet connectivity, live price tracking, and push notifications for trending tokens. The app also allows users to create tokens for free, with Pump.fun taking a fee per transaction to cover platform costs. Listed under the “entertainment” category, the app has reached 50,000 downloads but currently holds an average user rating of 2.5 stars.
Pump.fun’s mobile app aims to capitalize on Solana’s memecoin craze by providing an easy-to-use interface for both seasoned traders and newcomers. Despite its early popularity, mixed user feedback suggests room for improvement in the app’s performance and features.
Massive Token Launches and Top Performance
Pump.fun has emerged as a dominant force in the space, generating $15.5 million in daily fees within its first year and $7.61 million on February 13, according to The Block. Since launching, Pump.fun has facilitated the creation of over 7 million tokens, including viral hits like Peanut the Squirrel (PNUT) and Fartcoin (FARTCOIN), both of which reached the top 100 by market cap.
According to DeFiLlama, the platform has amassed nearly $500 million in fees over the past year. The launchpad remains a cornerstone of Solana’s thriving memecoin ecosystem, driving both user engagement and significant trading volumes.
Pump.fun’s Legal Challenges
Pump.fun’s mobile app will not be available to users in the UK due to a warning from the Financial Conduct Authority (FCA) issued in December 2024. The FCA advised users to “beware of scams,” stating that Pump.fun may be operating without proper authorization
“This message is not intended for UK audiences. The PumpFun mobile app is not available to UK residents.” Pump.fun posted in its X account
In the U.S., the platform faces multiple legal disputes. Two law firms have sued Pump.fun for intellectual property infringement, while another lawsuit accuses the platform of violating securities laws.
