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Home Business

Pump.fun Acquires Kolscan to Boost Social Trading Ahead of $4B ICO

11 July 2025
in Business, News
Reading Time: 3 mins read
104 5
source: news.bitcoin.com

source: news.bitcoin.com

Pump.fun, has made its first acquisition by purchasing Kolscan, a Solana-based wallet tracker that monitors top onchain traders, providing real-time transaction data, profit-and-loss analytics, and a leaderboard ranking trader performance.

The acquisition was announced on July 10, just days before Pump.fun’s highly anticipated initial coin offering (ICO) scheduled for July 12, which values the company at $4 billion.

we’re excited to announce that pump fun has acquired @kolscan

Kolscan is a wallet tracker that monitors the activities of top onchain traders. it provides realtime transactions, token PnL, and a leaderboard ranking their performance

our integration will not only enable better… pic.twitter.com/V4VDcOwVeG

— pump.fun (@pumpdotfun) July 10, 2025

Kolscan, named after the term “key opinion leader,” is widely used for tracking the activities of influential traders on the Solana blockchain. By integrating Kolscan’s technology, Pump.fun aims to enhance its social trading platform, offering users deeper insights into market movements and enabling new interactive experiences that could reshape onchain trading dynamics.

Alon Cohen, co-founder of Pump.fun, emphasized that trading is a “social sport,” where investors benefit from sharing strategies and competing with peers. He highlighted that the success of crypto projects often depends on the community involved, the timing of investments, and the conviction of participants. Pump.fun’s vision is to gamify crypto investing by adding social features such as live streaming and revenue-sharing programs for token holders, creating a more engaging and collaborative ecosystem.

Post-acquisition, Kolscan’s services will remain free to users, who already number in the tens of thousands. Pump.fun plans to improve Kolscan’s leaderboard to reward genuine traders better and provide enhanced analytics on copytrading, where users replicate the trades of successful investors. These improvements intend to increase transparency and trust in social trading activities.

The acquisition strategically positions Pump.fun ahead of its ICO, during which it will offer 33% of its one-trillion token supply, with 18% allocated to private sales and 15% for the public sale. Cohen also hinted at future utility features for the PUMP token, including fee rebates and buybacks, aiming to incentivize participation and token value growth.

This move signals Pump.fun’s ambition to build a scalable crypto social media platform that could rival mainstream networks by combining social engagement with onchain trading analytics.

 

If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.

“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”

Tags: KolscanPump.fun
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Bobby Okposin

Bobby Okposin

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