Pumpfun Acquires Kolscan to Redefine On-Chain Trading as a Social Sport
On Thursday, Pump.fun announced the purchase of Kolscan, a platform that has the phrase key opinion leader as its name. Top on-chain traders’ activity is tracked by Kolscan, which also offers real-time transactions and gains, as well as a leaderboard that ranks their success.
Our integration will not only enable better products for both Kolscan and pump fun users, but allow for totally new experiences that will change the entire onchain trading landscape,
Pump.fun
The purchase seems to be an attempt by Pump.fun to strengthen its upcoming products in advance of its $1 billion initial coin offering (ICO) on Saturday. The Kolscan acquisition, according to Pump.fun co-founder Alon Cohen, supported his view that on-chain trading is a social sport in which memecoin punters trade with friends and compare their bets, as he stated on X.
We believe that products that provide social insights/tools and gamify the trading experience are key to growing our ecosystem.
Cohen
Pump.fun Unveils Big Plans for Kolscan to Power Social Crypto Trading
According to Cohen, Pump.fun has made Kolscan free to use. It plans to enhance and add more capabilities. He stated that Pump.fun intends to make the leaderboard reward actual traders once more, not simply “KOLs,” and to increase the speed and dependability of the data for tokens, transactions, and profit and losses.
Additionally, Pump.fun intends to provide more information about copy trading behavior as well as other data points that can help clarify a trader’s tactics. According to Cohen, the platform will be a crucial component of their effort to create a social media network for cryptocurrency that can grow to billions of users.
Pump.fun Confirms $1B ICO for PUMP Token After Weeks of Speculation
After weeks of rumors and leaks, Pump.fun announced on Wednesday that it would be holding an initial coin offering (ICO) for its PUMP token on Saturday. In order to raise $1 billion, 330 billion tokens, or 33% of PUMP’s total supply of 1 trillion tokens, will be reserved for investors at a price of $0.004 each. Institutional investors will receive 180 billion tokens from the ICO, while 150 billion PUMP will be offered to the general public. This validates the earlier Gate.io cryptocurrency exchange breach.
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