Solana-based token launchpad Pump.fun unveiled its mobile app on Friday offering users the ability to trade meme coins and create new tokens for free via their mobile devices.
The app, which is available in the Android and iOS app stores, operates similarly to the Pump.fun website. Users can create a profile with an email address or login via Google, which automatically creates a Solana wallet utilizing wallet infrastructure from Privy.
Why an app? “Our users asked for it, we gave it to them,” a Pump.fun representative told Decrypt, further signaling that success will be found in users “downloading our app, finding value in the mobile experience, and continuing to actively use it as an alternative to our web UX.”
After creating an account in the app, users can create a token at no cost, or fund their wallets to buy and sell meme coins on the platform. Pump.fun takes a fee on every meme coin trade on the platform, which its app disclaimer cites is used to “cover platform costs.”
The Pump.fun app is listed in the “entertainment” category on both app stores, and has generated approximately 50,000 downloads across devices according to SensorTower, with user ratings lower than 2.5 stars out of 5 on average.
The app was initially launched in app stores in October, but was “not feature complete,” according to Pump.fun’s representative. “We took the time we needed to get it right,” they told Decrypt, teasing that more features could be revealed ahead.
Pump.fun has been responsible for the launch of more than 7 million tokens since its launch, including former top 100 market cap tokens like Peanut the Squirrel (PNUT) and Fartcoin (FARTCOIN). It has generated nearly $500 million in fees during the last year according to DefiLlama, drawing ire from the community each time it sends Solana from its fee address to centralized exchanges.
Speculation circulated recently that the platform would be launching its own token—a rumor that was quickly denied by project co-founder Alon Cohen.
In December, Pump.fun blocked access for UK users following a warning from the country’s financial regulator. The platform was also recently named in a class action lawsuit that alleges it enables the unregistered sales of securities.
Edited by Andrew Hayward
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