Apple removes Pump Fun app from US and India App Stores after launch of tokenized stock pairs
Event summary
Apple removed the Pump Fun iPhone app from the App Store in the United States and India on Thursday evening. The app now shows an error message saying it is not available in the user’s country or region.
Key points
- Removal occurred one day after Pump Fun announced “Custom Pairs,” a feature that lets users trade memecoins quoted against tokenized stocks.
- The app’s revenue exceeds $1 billion, according to Pump Fun.
- Apple has not issued a public comment; the listing remains active in Canada.
- Pump Fun’s mobile team said the app is “temporarily unavailable” but that existing users’ funds are safe.
- Legal scrutiny surrounds Pump Fun, including a UK FCA warning and a New York federal judge allowing RICO claims to proceed.
Official statement
A member of Pump Fun’s mobile app team posted, “The Pump Fun Mobile App is temporarily unavailable to download from the US & India iOS App Stores. For everyone that already has the app installed, everything is operating as usual, and your funds are safe.”
Background on Pump Fun
Pump Fun is a platform that lets users create and trade meme‑coins, a type of cryptocurrency that is often based on internet jokes. The company recently introduced 93 “asset pairs” that quote memecoins against tokenized versions of publicly‑traded companies such as Boeing, Costco, and Trump Media. Tokenized stocks are digital representations of real‑world shares that can be traded on a blockchain.
Legal context
In December 2024 the UK’s Financial Conduct Authority warned that Pump Fun operates without authorization, leading the company to block UK users. A New York federal judge recently allowed RICO (Racketeer Influenced and Corrupt Organizations) claims against Pump Fun’s parent company, Baton Corporation, and its founders to continue, while dismissing securities‑related claims. Plaintiffs in that case allege retail losses of up to $5.5 billion, though no court has yet ruled on the allegations.
Unclear aspects
Apple has not explained why it removed the app, and it is not known whether the delisting is permanent or will be lifted later. The impact of the ongoing legal disputes on Apple’s decision remains unconfirmed.
Why it matters
Users in the US and India can no longer download the app, forcing them to use the website or the Android version. The removal highlights the regulatory pressure on crypto‑related apps that offer tokenized securities, and it may affect investors who hold funds on the platform.
