Pump.fun finally launches mobile app, UK users still locked out

Pump.fun finally launched its mobile app, opening the door to even wider mass adoption. However, users from the UK are still banned from minting meme tokens. 

Pump.fun launched its long-awaited mobile app, offering free token generation for all users. As with the minting site, the app is closed to users from the UK. 

introducing the PUMP FUN MOBILE APP

the BEST way to trade ALL memecoins on Solana

CREATE COINS FOR FREE, buy & sell coins lightning FAST, create watchlists, manage your portfolio and much more

Download the app NOW on iOS & Android 👇🏻 pic.twitter.com/8bDX6SmGPY

— pump.fun (@pumpdotfun) February 14, 2025

Pump.fun is now available for iOS and Android, with over 50K downloads on Google Play in the first hour since the announcement. The first reviews found flaws with the app, which was only given 2.6 stars for iOS. 

The launch taps into recent trends of increased mobile-only crypto usage and social media influence over investment decisions. 

The app offers free token creation and trading during the bonding curve stage. Soon after the app’s launch, token addresses started appearing, claiming to be the first mobile-launched asset. Traders also uncovered wallets and tokens leaked in the promotional video, leading to dramatic pumps and crashes. All tickers seen in the video were given special attention on social media, though also showing the potential for rug pulls and rapid crashes.

After the Pump.fun announcement, Solana (SOL) also started a recovery. The asset traded at $201.64, once again returning as the fifth-largest asset by market capitalization. SOL may see increased demand as more users are onboarded on the app. When a new meme token completes its bonding curve, the pool absorbs 85 SOL for the initial liquidity on Raydium. Usually, 1.4% of all tokens created graduate to Raydium. 

The app arrives after a downward trend in daily token launches. Pump.fun peaked on January 23, with over 60K tokens. Weeks later, the minting rate has fallen to 44K tokens. Pump.fun is still highly successful in fee generation, breaking above $500M in total and easily making $5M in daily fees. 

The outflow of users followed renewed interest in memes on other chains, especially BNB Smart Chain. The Binance meme wave was also partially due to the social media engagement of Changpeng ‘CZ’ Zhao, where any mention of a token led to a rally. 

Pump.fun remained the third largest producer of fees, expanding to $7.51M in the past day, even before the effect of the app could be measured. 

App launch brings new ‘test’ token trend

App users immediately noticed Pump.fun used a screenshot that contained a Solana address. The address in question then went on to mint a new token, which is considered either a test or a deliberate attempt to boost a meme. 

One test user minted a version of Antshares (NEO). The wallet address that minted NEO was seen on the app download page. Hours after the meme community discovered the token, it was aggressively sniped into several wallets. 

The token uses the old name of an asset from a previous bull market, which has been largely forgotten. Token traders believed the new NEO meme asset may be the creation of a Pump.fun insider developer. 

While Pump.fun has not issued a native token, the mobile app created a separate X account and launched its own meme CA. 

Okay so who's hyped for the launch of https://t.co/ofmZNpNJZl app besides me? $PFAPP $alon 35NeXbwq4MipmrQQLk1Jsq7157rmPm7M9ZThHHjhpump pic.twitter.com/985sOSCtdH

— pump.fun Official App (@pfappofficial) February 14, 2025

The Pump Fun Official App token (PFAPP) was first minted in November 2024 but rallied after the app was launched. The recent hype showed that meme tokens were still hot, especially during their early days when whales and snipers could make easy profits. 

In the case of PFAPP, earnings are still limited to a few thousand dollars due to a limited liquidity pool of just $39K. 

The recent rally of older test tokens also lifted another asset by Pump.fun, listed as Test back in November 2024. The token also completed its bonding curve and started rallying on Raydium with extremely low liquidity. As usual, Pump.fun hosted multiple copycat launches of test tokens.

Additionally, on-chain investigators discovered all previous test tokens, which are most probably the work of platform developers. The rarity of those tokens drew in speculative trading, with the expectation that one of those assets would break out. 

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