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Pump.fun Acquires Kolscan Ahead of Its ICO on July 12


by Parth Dubey
for Coinspeaker
Pump.fun Acquires Kolscan Ahead of Its ICO on July 12

Pump.fun has announced its first-ever acquisition Kolscan, a real-time wallet-tracking platform that monitors the activities of top on-chain traders.

The acquisition comes just days before Pump.fun’s highly anticipated Initial Coin Offering (ICO), where the platform aims to raise a staggering $1 billion.

Kolscan: Real-Time Trading Insights and Social Trading Tools

Kolscan, a platform named after the term “Key Opinion Leader,” provides detailed real-time data on the trading activity of major crypto wallets. It tracks token purchases, profits and losses, and ranks traders through a public leaderboard.

Pump.fun’s co-founder Alon Cohen sees this as a natural fit. “Onchain trading is a social sport,” he wrote on X, adding that users want to trade alongside friends, watch top traders, and compete with one another.

According to Cohen, integrating Kolscan will help transform Pump.fun into a hub for social trading experiences that are both entertaining and educational.

As part of the acquisition, Kolscan’s core features will be made freely available. Pump.fun plans to enhance the tool’s reliability, speed, and depth by integrating analytics on copy-trading strategies and other behavioral data.

Also, the leaderboard is set to be redesigned to reward genuine trading skills, rather than just influencer reach, indicating the platform’s ethos of merit-based recognition.

A Strategic Move Before a $1B Token Launch

The launch of its “PUMP” token is set to offer 330 billion tokens, 33% of its total 1 trillion supply, at $0.004 apiece. The ICO is split between institutional investors (180 billion tokens) and public buyers (150 billion).

Despite the massive fundraising goal, early signs point to market enthusiasm: pre-market perpetual contracts for Pump.fun’s PUMP token have already hit $346 million in trading volume and $115 million in open interest, according to Wu Blockchain.

The token is currently trading at around $0.0052 on these pre-markets, roughly 30% higher than its presale price, indicating a strong long bias. On Polymarket, the odds of Pump.fun selling out its ICO within the first hour have soared from 38% to 71% in the past 24 hours.

The shift is a clear sign that investors are bullish, despite users in the US, UK, and EU being excluded from participation. Furthermore, KYC is mandatory for all buyers on platforms like Kraken, MEXC, KuCoin, and Bybit.

The post Pump.fun Acquires Kolscan Ahead of Its ICO on July 12 appeared first on Coinspeaker.

Read the article at Coinspeaker

Pump.fun Acquires Kolscan Ahead of Its ICO on July 12


by Parth Dubey
for Coinspeaker
Pump.fun Acquires Kolscan Ahead of Its ICO on July 12

Pump.fun has announced its first-ever acquisition Kolscan, a real-time wallet-tracking platform that monitors the activities of top on-chain traders.

The acquisition comes just days before Pump.fun’s highly anticipated Initial Coin Offering (ICO), where the platform aims to raise a staggering $1 billion.

Kolscan: Real-Time Trading Insights and Social Trading Tools

Kolscan, a platform named after the term “Key Opinion Leader,” provides detailed real-time data on the trading activity of major crypto wallets. It tracks token purchases, profits and losses, and ranks traders through a public leaderboard.

Pump.fun’s co-founder Alon Cohen sees this as a natural fit. “Onchain trading is a social sport,” he wrote on X, adding that users want to trade alongside friends, watch top traders, and compete with one another.

According to Cohen, integrating Kolscan will help transform Pump.fun into a hub for social trading experiences that are both entertaining and educational.

As part of the acquisition, Kolscan’s core features will be made freely available. Pump.fun plans to enhance the tool’s reliability, speed, and depth by integrating analytics on copy-trading strategies and other behavioral data.

Also, the leaderboard is set to be redesigned to reward genuine trading skills, rather than just influencer reach, indicating the platform’s ethos of merit-based recognition.

A Strategic Move Before a $1B Token Launch

The launch of its “PUMP” token is set to offer 330 billion tokens, 33% of its total 1 trillion supply, at $0.004 apiece. The ICO is split between institutional investors (180 billion tokens) and public buyers (150 billion).

Despite the massive fundraising goal, early signs point to market enthusiasm: pre-market perpetual contracts for Pump.fun’s PUMP token have already hit $346 million in trading volume and $115 million in open interest, according to Wu Blockchain.

The token is currently trading at around $0.0052 on these pre-markets, roughly 30% higher than its presale price, indicating a strong long bias. On Polymarket, the odds of Pump.fun selling out its ICO within the first hour have soared from 38% to 71% in the past 24 hours.

The shift is a clear sign that investors are bullish, despite users in the US, UK, and EU being excluded from participation. Furthermore, KYC is mandatory for all buyers on platforms like Kraken, MEXC, KuCoin, and Bybit.

The post Pump.fun Acquires Kolscan Ahead of Its ICO on July 12 appeared first on Coinspeaker.

Read the article at Coinspeaker