Pump.fun buys Kolscan in a strategic move to expand its reach in the social trading space.
This marks the platform’s first-ever acquisition as it gears up for a $1 billion ICO. Kolscan, a wallet-tracking platform that follows top onchain traders, is now part of Pump.fun’s growing ecosystem.
The acquisition aims to reshape the memecoin landscape by combining Kolscan’s real-time trading data with Pump.fun’s gamified tools. Pump.fun believes that the social aspect of trading is the future, turning speculation into community-driven competition.
Kolscan tracks key opinion leaders (KOLs), providing a leaderboard of onchain activity and profitability. This aligns with Pump.fun’s belief that “onchain trading is a social sport,” as stated by co-founder Alon Cohen.
Kolscan upgrade coming soon
Pump.fun plans to roll out new Kolscan features soon. These include improved data reliability and speed, plus fresh insights into copytrading and trader strategies. The platform also wants to reward real traders on the leaderboard, not just influential KOLs.
This vision supports Pump.fun’s long-term goal of becoming crypto’s ultimate social media-trading hybrid. It recently revived livestreaming with new moderation controls, after an earlier shutdown due to harmful content.
With Kolscan integrated, Pump.fun intends to give users the tools to track, compare, and copy top traders, all while having fun.
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Pump.fun buys Kolscan to expand trading features
Pump.fun’s move comes at a time when it faces competition from LetsBonk, a rising memecoin launcher. By acquiring Kolscan, Pump.fun is adding value to its product suite and enhancing its community experience.
Cohen made it clear the tool will remain free, signaling an aggressive strategy to onboard users. He emphasized the platform’s mission to build a scalable crypto social network.
The acquisition also sets the stage for Pump.fun’s ICO, launching this Saturday. The “PUMP” token will have a total supply of 1 trillion. Of that, 33%—or 330 billion tokens—will be offered to raise $1 billion at $0.004 per token.
Institutional investors get 180 billion tokens, while 150 billion will be available in a public sale. The ICO is banned in the US and UK due to regulatory constraints.
Pump.fun was at the heart of 2023’s memecoin revival, letting users launch tokens without any coding skills. At its peak, it generated millions in daily revenue, proving the power of meme-fueled speculation.
Pump.fun is betting big on gamification
By acquiring Kolscan, Pump.fun doubles down on its belief that trading can be a fun, social experience. With its ICO just around the corner, the timing is no coincidence. The move could reshape how people interact with memecoins and redefine what onchain platforms look like in 2025.