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Pump.fun Acquires Wallet Tracker Kolscan Ahead of $1B Token Sale
Pump.fun Acquires Wallet Tracker Kolscan Ahead of $1B Token Sale
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BTCCSquare news:
Pump.fun has made its first acquisition, purchasing Kolscan, a wallet tracker that monitors top onchain traders. The deal comes days before Pump.fun's planned ICO, which values the platform at $4 billion.
Kolscan provides real-time transaction data, token PnL tracking, and leaderboard rankings. The acquisition aims to enhance Pump.fun's social trading features, with plans to "kill Facebook, TikTok and Twitch" in the web3 space.
The ICO will sell 33% of PUMP tokens, with 13% allocated to existing investors. Blockworks reports the platform plans a 25% revenue share for token holders.
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