Solana

Peanut the Squirrel

PUMP

Alon

Coin

<ul>
 <li>Pump.fun launches a mobile app for creating and trading Solana meme coins, despite low ratings and technical issues.</li>
 <li>The app, listed under “entertainment,” hits 50,000 downloads but faces regulatory blocks in the UK.</li>
 <li>The platform has launched seven million tokens, including Fartcoin, generating $500 million in annual fees.</li>
</ul>
Pump.fun, a Solana-based platform for launching meme coins, released a mobile application on Friday. The app allows users to trade existing tokens and create new ones at no cost directly from smartphones. Available on iOS and Android, it mirrors the desktop version’s functions but prioritizes accessibility.
<blockquote class="twitter-tweet">
 introducing the PUMP FUN MOBILE APP
 the BEST way to trade ALL memecoins on Solana
 CREATE COINS FOR FREE, buy &amp; sell coins lightning FAST, create watchlists, manage your portfolio and much more
 Download the app NOW on iOS &amp; Android <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f447-1f3fb.png" alt="👇🏻" style="height: 1em; max-height: 1em;"> <a href="https://t.co/8bDX6SmGPY" rel="noopener noreferrer nofollow">pic.twitter.com/8bDX6SmGPY</a>
 — pump.fun (@pumpdotfun) <a href="https://twitter.com/pumpdotfun/status/1890416363165909079?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 14, 2025</a>
</blockquote>

Users can register with an email address or Google account, which generates a Solana wallet using Privy’s infrastructure. A <a href="https://www.ethnews.com/pumpfun-co-founder-denies-token-launch-rumors-amid-growing-speculation/" rel="noopener noreferrer nofollow">Pump.fun</a> representative stated the decision to build the app stemmed from user demand, adding that its success hinges on adoption rates and sustained engagement.
The app operates under the “entertainment” category in app stores, a classification that aligns with its meme-driven content. Sensor Tower data shows roughly 50,000 downloads across both platforms, though user ratings average below 2.5 stars. Initial reviews cite technical glitches and interface challenges.
Pump.fun acknowledged the mobile version first appeared in October but described it as incomplete. “We prioritized refining the product over speed,” the representative told Decrypt, hinting at future updates without specifying details.
Since 2023, Pump.fun has facilitated over seven million token launches, including projects like Peanut the Squirrel and Fartcoin. DefiLlama reports nearly $500 million in platform fees during this period. However, the company faces scrutiny.
Recent transfers of Solana fees to centralized exchanges sparked criticism, while U.K. regulators prompted Pump.fun to block access for British users in December. A U.S. lawsuit also names the platform, alleging <a href="https://www.ethnews.com/law-firm-behind-pump-fun-lawsuit-tied-to-23m-dogshit2-token-controversy/" rel="noopener noreferrer nofollow">unregistered securities</a> sales.
Speculation about a native Pump.fun token surfaced last month, but co-founder Alon Cohen denied plans. The platform’s expansion into mobile comes amid regulatory headwinds, testing its ability to balance growth with compliance.
For now, the app represents a tactical shift toward capturing casual traders drawn to meme coins’ viral nature. Whether it stabilizes the platform’s stormy reputation remains uncertain, but <a href="https://www.ethnews.com/pump-funs-500m-windfall-challenged-in-court-over-alleged-unregistered-securities/" rel="noopener noreferrer nofollow">Pump.fun’s gamble</a> on mobile accessibility reflects broader crypto trends favoring on-the-go participation.
As of publication, the app’s performance metrics and user feedback suggest challenges ahead. Technical refinements and regulatory navigation will likely shape its trajectory in 2024.
The post <a href="https://www.ethnews.com/regulatory-alert-pump-funs-solana-meme-coin-app-rakes-in-500m-in-fees/" rel="noopener noreferrer nofollow">Regulatory Alert! Pump.fun’s Solana Meme Coin App Rakes in $500M in Fees</a> appeared first on <a href="https://www.ethnews.com" rel="noopener noreferrer nofollow">ETHNews</a>.

Regulatory Alert! Pump.fun’s Solana Meme Coin App Rakes in $500M in Fees

ETHNews

Other articles published on Feb 16, 2025

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