Pump.fun Reinforces Its Commitment to Memecoins with New Mobile App Amid Record Token Launch

Overview

Pump.fun, a notable platform for memecoins, has launched a mobile application for both iOS and Android. This new app allows users to create and trade Solana-based memecoins seamlessly.
The launch of this app ties in with a remarkable 12-fold increase in new token launches in January 2025, compared to the same timeframe last year, as reported by Bobby Ong, COO of CoinGecko.

Key Details

The app’s features mirror those of its web platform, providing functionality for users to manage their memecoins portfolios and set up personalized watchlists.
Despite the growth of new tokens, Ong highlighted potential issues, stating that this multitude may dilute trader focus and liquidity, hindering significant market movements.
The token creation process has been simplified by platforms like Pump.fun, allowing nearly anyone to launch a token, regardless of technical knowledge.

Implications

Ong predicts that if this trend continues, the cryptocurrency market could see up to 1 billion tokens circulated in the next five years. He expressed concerns that the sheer volume of tokens is straining both liquidity and trader attention.

“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,” Ong remarked.