Solana loves memecoins. It just got an early Valentine’s Day surprise.
Pump.fun, the Solana memecoin platform launchpad, released its first mobile app today. This is the first significant update to this viral platform since November when it stopped livestreaming. This is further proof that mobile apps are now a must-have for cryptocurrency projects. It was only a few weeks ago when Donald Trump used a memecoin mobile app to launch his token.
Pump.fun Mobile is not perfect, but it’s also in line with the platform that was originally dubbed 4chan by memecoins. The app’s onboarding process is quite smooth — I entered my email, and pump created a crypto wallet for me, courtesy of Privy — but I found it hard to land transactions without manually adjusting my priority fee and slippage.
Early buyers nuked the charts to invest in newer tokens by the time my transaction was completed. I ended up with a bag full of dogwifrose that were worthless.
Early users of the app seem to have some similar issues. Pump.fun is rated 2.5 stars on Apple’s App Store, and 2.1 stars on Google Play Store. (Note: Many of these reviews were written before the app’s launch today).
“Is it my internet or [is] the pumpfun app kinda slow,” A user asks on X.
On day 1, it doesn’t look like Pump.fun is generating much more usage. Dune Dashboard shows that 27,000 tokens have been launched today. This is down from the 48,000-54,000 tokens released daily earlier in this week.
Yet, pump.fun is still a long-term investment. Lightspeed readers know better than to wager against its continued success. The platform generated $548 million of revenue in less than one year since its launch.
My gut tells me that to take the mantle from Moonshot — the Trump-favored and Jupiter-owned mobile memecoin app — pump.fun will have to fix the mobile transaction landing woes, even if that means giving users slightly worse prices. Retail users who are hoping to get a 100% trade probably won’t care if a few percentage points slippage means that their transactions actually make it to blockchain.
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