Pump.fun Acquires Kolscan to Gamify On-Chain Trading
Crypto memecoin creation platform Pump.fun has made its first-ever acquisition, buying the wallet-tracking platform Kolscan, with an eye toward creating gamified trading experiences that drive growth.
Pump.fun announced the acquisition on Thursday, stating it had purchased Kolscan, a platform named after “key opinion leader” that provides “monitoring of top onchain traders, real-time transactions, their gains, and leaderboard rankings.”
“Our integration will not only enable better products for both Kolscan and pump.fun users, but allow for totally new experiences that will change the entire onchain trading landscape,” a company statement reportedly read.
Gamifying Trading “Key to Growing”
Pump.fun co-founder Alon Cohen wrote: “The acquisition aligns with our belief that onchain trading represents a social sport — where cryptocurrency traders compete alongside friends, often” sharing performance.
“We believe that products providing social insights and gamifying the trading experience will be key to growing our ecosystem.”
The platform credits Pump.fun with last year’s memecoin revival. Memecoins are crypto tokens typically tied to social media trends, valued primarily for speculative trading.
According to DefiLlama data, Pump.fun generated “millions of dollars in revenue daily at its peak” in January, enabling users with no coding skills to create tokens.
Pump.fun Plans Enhanced Kolscan Features
Cohen stated the acquisition enables plans to expand and enhance Kolscan’s capabilities.
Pump.fun aims to: “improve the reliability and speed of token and profit/loss data,” revamp the leaderboard to “reward real traders rather than ‘KOLs,’ and provide “deeper insights into copytrading activity and robot-generated transactions.”
“Kolscan will be a core part of our push to build crypto’s social media platform that can scale to billions,” Cohen emphasized.
Related: Coinbase exec claims bots drive most trading on top meme platforms
In parallel developments, Pump.fun announced Wednesday an “Initial Coin Offering” for its token launching Saturday. The $1bn fundraising targets investors in 176+ jurisdictions while restricting US and UK participation due to “regulatory concerns.”
Key ICO Details Revealed
The PUMP token will launch at $0.004 with a maximum total supply of 1 trillion. According to reports: 330 billion tokens (33%) will allocate to institutional investors; the public sale comprises approximately 150 million tokens.
The planned Saturday launch follows leaks from crypto exchange Gate.io that confirmed allocation details and regulatory restrictions.
Magazine: Researchers uncover memecoin market impact on aging research
