Pump.fun adds support for tokens launched on rival memecoin generators and other non-native assets

Solana-based memecoin launchpad Pump.fun is adding support for tokens launched on rival platforms via its mobile app.

"[U]sers increasingly want to trade & hold more without having to leave the app," Pump wrote in an X post on Monday. "Today marks another step towards a lower friction, higher functionality trading app which helps users dominate onchain, all within one app."

In addition to adding support for tokens launched on alternative Solana-based token launchpads like Raydium and Meteora, Pump is also introducing access to major assets like Wrapped Bitcoin and Wrapped Ethereum, bridged via Wormhole, and established tokens like Gigachad (GIGA) and PENGU, the team noted.

PUMP is up over 8.4% to $0.0020 at publication time amid a wider market rebound that has also seen bitcoin climb 6%.

The move comes as mature crypto platforms continue to expand into new product categories to capture more user time, volume, and loyalty amid a constrained market. Centralized exchanges like Coinbase and Kraken, for instance, are developing into all-in-one trading platforms for crypto, stocks, and derivatives — not unlike Robinhood.

Pump.fun, launched on Solana in early 2024, essentially pioneered the concept of blockchain-based memecoins and reignited interest in Solana following the collapse of major SOL investor Sam Bankman-Fried’s empire. The app is often considered one of the few continuously profitable crypto-based businesses, and is by far the dominant memecoin launchpad. Token graduations on Pump are at a recent high.

Pump introduced a bonding curve mechanism that would “graduate” tokens off the platform once they hit a predetermined market cap. Pump initially migrated graduated tokens to Raydium before launching its own in-house DEX called Pump Swap last year. Raydium, for its part, responded by launching a competing token generator.

In July, Pump launched a native PUMP token in an initial coin offering at a $4 billion valuation. The team quickly introduced a token buyback program that uses platform revenue to reduce the token’s circulation.