pump.fun acquires Kolscan, aiming for IPO and turning memecoin into "social sports"

On July 11, the leading memecoin issuance platform on Solana, pump.fun, made its first acquisition with #kolscan , a KOL crypto wallet tracking service specializing in memecoin on Solana.

Expanding features and strategy

The acquisition of Kolscan, a tool that provides real-time data and analytics on memecoin transactions of KOLs, will help pump.fun expand its operations and enhance the trading experience for users. Co-founder Alon Cohen stated that this move is part of pump.fun's long-term strategy to turn memecoin trading into a "social sport," where users can track and compare their trading performance with others.

Kolscan's services will be offered for free. pump.fun also plans to integrate additional features such as a livestream platform and a revenue-sharing program for token holders, aiming to build a strong community and increase engagement.

PUMP ICO plan

This deal comes just days before pump.fun plans its ICO for token #pump with a valuation of up to 4 billion USD. The public sale will offer 150 billion PUMP (15% of total supply) at a fixed price of 0.004 USD/PUMP, aiming to raise a maximum of 600 million USD.