Pump.fun expanded its options for onboarding traders by adding multiple well-known payment apps. Moonpay was among them, allowing both newcomers and crypto natives easier access to trading.
Pump.fun expanded its payment options after integrating Moonpay. The meme platform aims to boost its usage by offering more onboarding ramps for fiat. Pump.fun will become accessible to users of Revolut, Venmo, Google Pay, and PayPal, integrated by Moonpay.
Moonpay will expand its presence as a global leader in crypto payments and fiat integration. The end goal is a seamless purchasing experience through the Pump.fun app. Users will swap their fiat into crypto, using any preferred trusted payment method.
Moonpay will bring multiple payment options to Pump.fun mobile app
Moonpay will integrate into the Pump.fun mobile app, launched in February 2025. The app offers all the key features of the meme platform, allowing all users to launch memes, buy, sell, and track their portfolios for free.
The addition of new payment ramps will allow users to fund their accounts in one step, without leaving them to buy SOL through another market.
‘MoonPay believes creators and communities deserve direct access to crypto on their terms,’ said Ivan Soto-Wright, co-founder and CEO of MoonPay.
The collaboration with Moonwell will bring additional perks, including advanced trading tools, competitive fees, and cashback incentives.
‘MoonPay’s integration in the Pump.fun mobile app drastically reduces the friction users face when onramping onto Solana,’ said Alon Cohen, co-Founder of Pump.fun. He stated the platform now has seamless on-ramp, without the need to search for external crypto providers.
Pump.fun still uses SOL as its main token for payments, bonding curves, and liquidity for graduating tokens.
Pump.fun activity slowed down in October
The meme narrative on Solana weakened further in October. Pump.fun still produced a baseline of $2.5M in daily fees, but other metrics fell. Following the recent market downturn, the PUMP token traded near a one-month low of $0.0038. The Pump.fun team has already bought back over 10% of the supply, spending most of its fees on acquisitions.
Pump.fun launched around 16K tokens daily, down from around 25-30K in previous months. Only 3,789 addresses created tokens, down from over 13,000 during the peak days of creator rewards.
The platform still carried around 62K users, of which 31K were new wallets. However, the meme tokens created have failed to make an impact. The trenches are still there, but they have not produced significant new launches.
For the past few months, no new tokens from the trenches have broken valuations above $2M. During peak graduating season, a valuation of $100M was easily reached within days, and some tokens rose above $1B, securing exchange listings on top markets. Currently, meme trading is for retail users, with more difficulty in securing liquidity.
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