Here’s a comprehensive update on Pump.fun and its PUMP token:

---

📌 Latest Developments

1. Acquisition of Kolscan

Pump.fun has made its first major acquisition by purchasing Kolscan, a wallet-tracking and trader leaderboard platform. This move aims to enhance social and gamified trading experiences on the Pump.fun platform ahead of its token launch. Kolscan has been made free to use, with planned upgrades to data reliability, copy‑trading analytics, and ranking systems that reward “real traders” over influencers.

2. PUMP Token ICO Scheduled

The Initial Coin Offering (ICO) for the PUMP token is set for July 12, 2025 at 14:00 UTC, running through July 15 or until sold out.

There is a total supply of 1 trillion tokens, with 150 billion (15%) allocated to the public sale at $0.004 per token, and 180 billion (18%) already allocated to institutional/private sale buyers.

This translates to a fully diluted valuation of approximately $4 billion.

3. Whales Preemptively Shorting PUMP

Ahead of its official launch, large traders have been actively engaging with pre-market perpetual contracts:

PUMP has traded ~$0.0056, reflecting a ~40% premium over the ICO price, before settling near $0.0047.

Significant short positions—totaling over $11 million in USDC margin—have been placed, suggesting hedging against anticipated volatility on platforms like Hyperliquid and Binance.

4. Token Revenue Sharing and Utility Plans

Pump.fun plans to distribute 25% of platform revenue to PUMP token holders. The team is exploring utility features such as fee rebates, buybacks, and community incentives to support the token’s ecosystem. #BinanceTurns8