"Pump.fun Launches Mobile App for Free Meme Coin Trading"

Pump.fun, a Solana-based token launchpad, has unveiled its mobile app, offering users the ability to trade meme coins and create new tokens for free via their mobile devices. The app, available in both Android and iOS app stores, operates similarly to the Pump.fun website, allowing users to create a profile with an email address or log in via Google, which automatically creates a Solana wallet utilizing wallet infrastructure from Privy.

The introduction of the mobile app comes in response to user demand, with a Pump.fun representative stating, "Our users asked for it, we gave it to them." The success of the app will be measured by user downloads, engagement, and continued active use as an alternative to the 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, which is used to cover platform costs, according to the app's disclaimer.

The Pump.fun app is listed in the "entertainment" category on both app stores and has generated approximately 50,000 downloads across devices, 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 at the time. Pump.fun took the time to ensure the app was ready before its official release, with more features potentially on the horizon.

Since its launch, Pump.fun has been responsible for the launch of more than 7 million tokens, including former top 100 market cap tokens like Peanut the Squirrel (PNUT) and Fartcoin (FARTCOIN). The platform has generated nearly $500 million in fees during the last year, according to DefiLlama, drawing criticism from the community each time it sends Solana from its fee address to centralized exchanges.

Rumors recently circulated that the platform would be launching its own token, but project co-founder Alon Cohen quickly denied these speculations.

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 lawsuit that alleges it enables the unregistered sales of securities.