Revealing the Kolscan Acquisition: Trader Makes Billions by Riding the Wave!

Recently, Pump.fun — the famous memecoin creation platform on Solana — acquired #kolscan , a KOL wallet tracking tool, to realize its ambition of becoming a “crypto social network.”

📌 Hot Point: Before the deal was announced, a group of wallets quietly accumulated Kolscan tokens, pushing the price from 500,000 USD to 22 million USD in less than an hour. After the announcement, the market cap of this token plummeted to 4 million USD, but the mysterious trading group still pocketed over 3 million USD in net profit. Some investors put in less than 400 USD but made over 37,000 USD in profit.

🎯 Why did Pump.fun buy Kolscan?

Pump.fun claims they want to “take down Facebook, TikTok, and Twitch” by turning memecoin trading into a social game. Kolscan allows traders to closely follow the wallets of KOLs (key opinion leaders) — individuals who can cause memecoin prices to soar or crash with just a tweet.

🌍 Although the memecoin market has lost 50% of its value from its peak of 127 billion USD in December, Pump.fun still harbors plans for a 1.3 billion USD ICO. The Kolscan acquisition is seen as a crucial piece to transform Pump.fun into an ecosystem that combines trading, social networking, and KOL trend-spotting for billions of users.

👉 The race #memecoin on Solana is not over — the drama has just begun!