Pump.fun, a platform for creating crypto memecoins, has made its first acquisition by purchasing Kolscan, a wallet-tracking service. Kolscan monitors top onchain traders, providing real-time transaction data and performance rankings. This acquisition aims to enhance user experiences and improve product offerings ahead of Pump.fun's upcoming initial coin offering (ICO) on Saturday, which seeks to raise $1 billion. Facing competition from the new memecoin launcher LetsBonk, co-founder Alon Cohen emphasized that onchain trading is a social activity, encouraging users to trade alongside friends. Pump.fun, known for its role in last year's memecoin resurgence, allows users without coding skills to create tokens, generating significant revenue. The platform plans to enhance Kolscan's features, making it free to use, and improve data reliability for trades and profits. Additionally, it aims to provide insights into copytrading and trader strategies. The ICO will offer 1 trillion PUMP tokens, with 33% allocated for public investors, while excluding US and UK investors due to regulatory issues. Read more AI-generated news on: https://app.chaingpt.org/news