Pump.fun Acquires Kolscan Ahead of $600 Million ICO

Pump.fun, a Solana-based memecoin launchpad, has announced its first-ever acquisition of Kolscan, a wallet tracking tool. This strategic move is set to enhance the on-chain trading landscape by integrating Kolscan’s analytics with Pump.fun’s social trading tools. The acquisition is timed just days before Pump.fun’s highly anticipated public token sale, scheduled for July 12. The ICO aims to raise up to $600 million in funding, accounting for 15% of the token’s total supply.

The integration of Kolscan’s services is expected to provide better products for users by enhancing transparency, copy-trading, and wallet tracking. This move aligns with Pump.fun’s belief that on-chain trading is a social activity, where users engage with friends, compare performance, and evaluate the success of projects based on the involvement and conviction of investors. Alon Cohen, co-founder of Pump.fun, emphasized that the success of investment projects often depends on the people involved, their timing, and their level of conviction.

As part of the integration, all Kolscan services will be offered for free. The platform has already attracted tens of thousands of users ahead of the acquisition announcement. Cohen expressed excitement about integrating Kolscan’s products, stating that it will be a core part of their push to build a crypto social media platform that can scale to billions of users.

Coinbase has also announced support for $PUMP pre-market trading, allowing traders to engage in perpetual futures on unlaunched tokens before their spot listings. The upcoming ICO will make 33% of the total 3 trillion token supply available, with retail investors having access to 15% of that supply at a price of $0.004 per token. This move is expected to further boost the ecosystem and attract more users to the platform.