Pump(dot)Fun, the memecoin launched, announced that it has acquired KolScan, a wallet tracker that monitors the activities of top on-chain traders.
In an X post dated July 11, 2025, the memecoin launched notes that this will not only enable better products for both KolScan and Pump(dot) Fun users, but also allow for a totally new experience that will entirely change the on-chain trading landscape.
KolScan, named after “key opinion leader,” the acquisition announced ahead of Pump(dot)Fun $1 billion initial coin offering (ICO) on July 12, aims to enhance its social trading and gamification features to compete with rivals.
It is said that the deal triggered a 10,000% surge in KolScan’s unofficial Solana-based token market capitalization from $300,000 to $22.4 million. Yet, the amount of the deal remains undisclosed but aligns with Pump(dot)Fun $4 billion valuation goal,, with 33% of its Pump token supply allocated for the ICO.
Following this development, Alon Cohen, the co-founder of Pump(dot)Fun, said, “ We believe that products that provide social insights/tools and gamify the trading experience are key to growing our ecosystem.”
Pump(dot)Fun eyes a top spot in the memecoin market
The Solana-based memecoin launchpad debuted in January 2024 and is vying for dominance in the memecoins market by simplifying token creation and trading.
Its user-friendly interface, bonding curve model, and low 0.02 SOL creation fee have driven explosive growth with over 8.7 million tokens launched and $700 million in revenue by July 2025.
The launch of PumpSwap, its native DEX, eliminated migration fees to Raydium, keeping liquidity in-house and introducing a 0.25% trading fee. Over time, its multichain expansion has helped it boost its accessibility.
What is the aim of the memecoins market by 2030?
Memecoins are a type of blockchain-based product, denoted as ‘meme’ at a time, but with the popularity of other digital assets and cryptocurrencies, they have also gained traction. Today, the global memecoin market is valued at more than $50 billion.
According to the data from CoinMarketCap, the meme market cap is currently $66.77 billion, with a surge of 14% in the past 24 hours, and trading volume is $14.95 billion, which grew by 54.24%.
It is noteworthy that the wider memecoin market is expected to reach $100 billion in the coming year, and there are higher chances of it reaching $250 million by 2030 end.
In terms of market capitalization, the most prominent memecoin in the market is Dogecoin which has market cap of $29.64 billion, followed by Shiba Inu, that has $7.87 billion in market capitalization, Pepe has a cap of $5.32 billion and Official Trump memecoin stands fourth with $1.98 billion in market cap.
