🚀 Pump.fun Acquires Kolscan in Power Move Ahead of $600M Mega-ICO

Pump.fun just turbocharged its infrastructure with the Kolscan acquisition—timed suspiciously well before its half-billion-dollar token sale.

The memecoin launchpad's latest chess move positions it to dominate liquidity analytics ahead of what could be 2025's most hyped ICO. Because nothing says 'legitimate investment' like buying blockchain forensics tools before dumping new tokens.

Market watchers note the $600M target would make this one of crypto's largest initial offerings since the SEC started pretending to regulate the space. The acquisition likely shores up Pump.fun's ability to track—and potentially manipulate—the tidal waves of capital about to flood its platform.

While the roadmap remains vague, one thing's clear: in crypto's perpetual casino, the house always wins. Especially when it owns both the roulette wheel and the surveillance system.

In Brief

• Pump.fun acquires Solana wallet tracker Kolscan, introducing KOL rankings to enhance user trading insights and strategies.
• $PUMP token opens for pre-market trading on Coinbase, with 33% of its 3 trillion supply allocated for the upcoming ICO.
• The platform plans social features like live streaming and incentives, while facing rising competition from token launchpad rivals.
• Solana recovers over 5% in recent sessions, trading around $167 after months of steady market declines.

Pump.fun Gears Up for $600M ICO with Kolscan Integration and Platform Upgrades

Pump.fun’s recent integration is part of the build-up to the imminent ICO scheduled to start on July 12. Earlier this week, the firm announced its plans to raise $600 million, valuing the company at $4 billion.

The platform’s co-founder, Alon Cohen, clarified that the latest product will remain free to the large user base it gathered before the recent purchase. Cohen also revealed that key upgrades are underway to improve the overall performance of the ecosystem.

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.

In a Friday tweet, Cohen emphasized that the recent development aligns with his view of “onchain trading” being a social sport. He added that it’s also part of Pump.fun’s calculated efforts to gamify digital asset trading.

Further weighing in on the integration, Cohen noted that “you do it with your friends and compare yourself to the best.” According to him, project outcomes are decided by timing, belief, and the parties involved.

Meanwhile, the Pump co-founder expressed Optimism in integrating Kolscan’s products, admitting that it is part of the platform’s goal of becoming a multi-billion-dollar crypto-focused social media protocol.

Pump Expands Social Trading Features Amid Rising Competition

Pump already has the groundwork for integrating user-focused social products, such as a live-streaming platform and incentive program for asset holders. Plans for improvements to Kolscan are also considered, with the aim of rewarding traders and improving copy trading for users.

Amid this recent ecosystem development, Pump.fun is facing strong competition from another token launchpad rival. For the first time since launch, the platform lost its sector lead to LetsBonk’s, with its market share dropping below 60%.

Coinbase Opens Pre-Market Trading for $PUMP as Solana Recovers Above $167

America’s largest crypto exchange, Coinbase, has announced that the $PUMP token is available for pre-market trading. This means that traders can test the tokens’ perpetual futures before mainstream listing.

Tokenomics regarding the Pump.fun ICO are as follows:

• The total token supply is 3 trillion tokens.
• About 33% of the total supply will be available during the upcoming ICO.
• Retail investors can access 15% of the ICO supply at $0.004 per token.

Meanwhile, Solana has recovered from its multi-month decline to trade within the green zone over the past week. At the time of writing, the asset is exchanging hands around $167, following an over 5% uptick in the recent intraday session.

Maximize your Cointribune experience with our "Read to Earn" program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.