Pump.fun Launches Mobile App Amidst Memecoin Frenzy
The popular memecoin generator, Pump.fun, has recently expanded its reach with the launch of a mobile application compatible with both iOS and Android devices. This move significantly enhances user accessibility and demonstrates the platform’s commitment to capitalizing on the booming memecoin market.
Pump.fun’s new mobile application mirrors the features available on its web interface, allowing users to create their own Solana-based memecoins without any cost. Furthermore, the app enables users to trade existing tokens seamlessly while on the move. In a recent announcement, the company highlighted that the app includes valuable tools for users to manage their memecoin portfolios effectively. Users can also create customized watchlists to keep track of their favorite tokens.
This launch follows closely on the heels of a proposed class-action lawsuit against Pump.fun, which accuses the firm and its executives of violating U.S. securities laws. This legal challenge coincides with a period where the memecoin trend appears to be gaining even more momentum.
Bobby Ong, co-founder and COO of the cryptocurrency data aggregator CoinGecko, recently pointed out on social media that a staggering 600,000 new tokens were launched in January alone, marking a remarkable 12-fold increase compared to the same period in 2024. Ong attributes this meteoric rise in token launches to platforms like Pump.fun, which simplify the token creation process and allow users to generate tokens without requiring any technical expertise.
While launching new tokens has become easier than ever, Ong also emphasized the rapid growth of new blockchains and decentralized exchanges. He predicts that at this pace, we could see 1 billion tokens circulating within the next five years. However, the overwhelming number of new token launches might be fragmenting available liquidity and trader attention. Ong noted, “Too many tokens, each spreading the limited attention and liquidity of traders even thinner. That’s why we don’t see the great alt pumps of previous cycles,” highlighting the challenges faced in the current trading environment.
