based on materials from the site - By Yellow News
The company Pump.fun, engaged in launching meme coins on Solana, announced the acquisition of Kolscan, a well-known wallet analytics tool, just days before the long-awaited initial coin offering scheduled for July 12. This step is the first strategic acquisition of Pump.fun and aims to enhance transparency, develop social trading, and improve user experience on the rapidly growing platform.
The integration of Pump.fun’s community-developed trading tools with Kolscan's powerful analytical capabilities marks a significant step towards rethinking the cryptocurrency trading market. According to Pump.fun, the integration of Kolscan technologies will increase transparency, ensure effective copy trading, and provide detailed wallet analytics, radically improving social trading capabilities on the platform.
In an official statement released on Thursday, Pump.fun detailed its plans to integrate Kolscan's comprehensive analytics into its social trading infrastructure. This integration aims to enhance user experience by providing sophisticated yet intuitive tools that deliver valuable insights to traders and increase transparency.
Alon Cohen, co-founder of Pump.fun, characterized this step as strategically aligned with the company's vision of cryptocurrency trading as social and collaborative. "We believe that products providing social information and gamifying the trading experience play a key role in the development of our ecosystem," Cohen stated in an official statement.
Cohen also emphasized the platform's philosophy, stating: "Trading is a social sport. You play with friends and compare yourself to the best. More importantly, the success of the projects you invest in often depends on the type of people involved, their entry points, and overall market conviction."
The integration of Kolscan offers users free services
As part of the acquisition, Pump.fun plans to make all Kolscan analytical services free for its user base, significantly democratizing access to complex trading analytics tools. This move is expected to attract a broader audience and further strengthen the platform's community-oriented approach. Pump.fun has already noted that Kolscan attracted tens of thousands of users, creating conditions for significant growth post-integration.
Kolscan's analytical tools are highly valued for their comprehensive wallet tracking capabilities, providing real-time trading activity information on the Solana blockchain. By offering these services for free, Pump.fun aims to create a strong, engaged community of traders who rely on transparent and detailed analytics to make informed investment decisions.
The acquisition of Kolscan comes just ahead of Pump.fun's upcoming ICO scheduled for July 12. The ICO is highly anticipated, and the project plans to raise up to $600 million in funding. The public token sale comprises 15% of the total token supply, highlighting Pump.fun's ambitious expansion plans.
According to the tokenomics presented by Pump.fun, approximately 33% of the total supply will be issued during the ICO, amounting to about 3 trillion tokens. Retail investors will have direct access to 15% of this volume at an initial price of $0.004 per token, indicating an accessible entry point for a wide range of investors.
The $PUMP token, featured on the launchpad, is already gaining popularity during the pre-marketing phase. Specifically, Coinbase announced that $PUMP will be available for trading perpetual futures during pre-marketing, allowing investors to speculate on the token's price dynamics even before its official listing on spot exchanges.
The listing on Coinbase boosts market interest in the $PUMP token
Coinbase's decision to list the $PUMP token before the official ICO launch underscores the growing market interest and confidence among institutional investors in the project's potential. The pre-sale trading of perpetual futures allows investors and traders to actively track expected price fluctuations of the token, offering a new approach to token launches.
This early trading availability not only increases token recognition but also provides critically important data on market sentiments, giving investors and analysts additional insights into expected market dynamics post-ICO.
The acquisition of Kolscan by Pump.fun and its upcoming ICO have attracted significant attention in the crypto community. Market analysts view these developments positively, noting Pump.fun's strategic moves to combine powerful analytical tools with an innovative community-oriented trading platform.
Industry analysts expect that the acquisition of Kolscan will enhance user engagement, improve accessibility to market analytics, and contribute to a more transparent trading environment. These advantages are seen as key factors in building trust among retail and institutional investors, potentially contributing to the success of the ICO.
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