Pump.fun has announced the acquisition of Kolscan, a wallet-tracking service on the Solana blockchain. This is the first deal of its kind for the popular meme coin creation platform. The merger comes just ahead of Pump.fun’s upcoming token launch, which is expected to value the project at $4 billion.
What Is Kolscan and Why Pump.fun Needs It
Kolscan is an analytics service that gathers data on the trading behavior of top-performing traders on Solana. Its name refers to KOL, or key opinion leader. The service provides real-time insights into a user's profit and loss positions and generates a public leaderboard.
“The integration will enhance both products and unlock new use cases in on-chain trading,” the platform stated in its official announcement.
A Focus on Social Trading
Pump.fun co-founder Alon Cohen highlighted that the acquisition reflects the company's core belief that trading is a social activity.
“You trade with your friends, you compare results, and what matters isn’t just metrics, but also who’s involved, when they joined, and how much they believe in the project,” he wrote.
According to Cohen, “tens of thousands” of users already utilize Kolscan. After the integration, all features of the service will become free. Pump.fun plans to update the platform to ensure the leaderboard rewards “real traders” again and offers more insights into copy trading - a strategy where users replicate the trades of specific investors.
Pump.fun Builds a Crypto Social Network
Pump.fun has already rolled out or is preparing to launch a range of social features, including its controversial streaming platform and a revenue-sharing model for token holders. The team’s broader ambition is to turn Pump.fun into a scalable social platform for crypto trading.
“We’re going to make Kolscan’s products a key part of our infrastructure, one that can support an audience of billions,” Cohen stated.
The initial token offering for Pump.fun is expected in the coming days. The project has been valued at $4 billion.
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