Pump.fun, a leading memecoin launchpad platform, has acquired Kolscan, a popular wallet tracker that monitors top on-chain traders.
(Source: Pump.fun on X)
Kolscan provides real-time transaction data, profit-and-loss (PnL) tracking, and a leaderboard ranking traders by performance.
The integration is expected to enhance both platforms by offering users better tools and creating entirely new on-chain trading experiences. According to Pump.fun, this move will reshape the landscape of decentralized trading.
Pump.fun Takes Social Approach to On-Chain Trading
The acquisition fits with Pump.fun’s vision that on-chain trading is inherently social. “Trading is something you do with friends while competing against the best,” the company’s co-founder, Alon, stated.
Success in crypto often depends on community engagement, knowing who is investing, when they entered a project, and their level of conviction. Pump.fun sees Kolscan’s social insights and gamified features as key to expanding its ecosystem.
The approach will help the project “to Kill Facebook, TikTok, and Twitch” with a Solana-based platform that rewards its users instead of exploiting them.
Kolscan’s Impact and Future Plans
Despite fierce competition, Kolscan’s @0xbor built a product used daily by tens of thousands of dedicated traders. Pump.fun praised Kolscan’s reliability and deep understanding of trader needs.
The first phase of integration will focus on improving PnL accuracy, trade speed, and leaderboard fairness. This will help them to reward genuine traders over influencers.
Additional features, including copy-trading insights, will help users analyze strategies more effectively.
There is good news for as an immediate step, all Kolscan features are now free, including token and trade tracking.
Pump.fun plans to make Kolscan a core part of its push toward becoming crypto’s premier social media platform, scaling to billions of users. “Expect more innovations soon,” the team announced.
“We’re proud to join @pumpdotfun to build the future of social trading onchain! By joining forces, we’ll be able to deliver a better experience and work on totally new projects at the intersection of social media and on-chain trading,” Kolscan team writes in a post on X.
Acquisition Comes Ahead of $PUMP ICO
The announcement of the acquisition comes a day after the Solana-based memecoin platform announced its much-awaited $600 million initial coin offering for $PUMP tokens. The company announced that one-third of PUMP’s total 1 trillion token supply will be sold during its ICO. Nearly 20% of these tokens were already distributed in a private sale, while the remaining 15% will be offered to the public when the token officially launches.
Also Read: Pump.fun Announces $600M ICO Sale for $PUMP on Saturday
