Memecoin Generator pump.fun has launched a mobile application for iOS and Android devices, which makes its platform more accessible to users and effectively double the fashion of memecoin in progress.
The new mobile application of Pump.Fun has similar characteristics to its web interface. It allows users to create their own memecoins based on Solana for free and exchange existing tokens while traveling. In an announcement on Friday, the firm explained that the application includes tools for users to administer their memecoins portfolios and create custom observation lists to monitor tokens.
The launch occurs only weeks after Pump.Fun was beaten with a proposed class action demand that accused the firm already its executives of violations of the US law laws. It also arrives at a time when Memecoin’s trend in progress only seems to be accelerating.
Bobby NGO, co -founder and operations director of the Coingcko cryptocurrency data aggregator, stood out on social networks that 600,000 new tokens were launched in January this year alone, an increase of 12 times during the same period in 2024.
NGO attributes the explosion in the Token launches to a new monthly record to Token Launchpads such as Pump.fun, which simplifies the process of creating a token and allows its users to do it even without any technical experience.
While now it is easier than ever launching new tokens, NGO also pointed out that new block chains and decentralized exchanges are growing rapidly. At this rate, he said, there could be one billion tokens in circulation “in the next five years.”
The large number of new tokens that are being launched could fragment the available liquidity and attention. “Too many chips, each extends the limited attention and liquidity of even thinner merchants. That is why we do not see the great alternative bombs of previous cycles, ”said NGO on social networks.
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