Pump.fun, a memecoin creator, has completed its first acquisition by purchasing Kolscan. This event precedes the launch of an ambitious $1 billion ICO.
Kolscan and its Features
Kolscan, named after "key opinion leader," tracks top on-chain traders, providing real-time transaction updates, profit data, and performance leaderboards. Pump.fun plans to integrate these features to enhance transparency and gamification in memecoin trading.
Gamified Trading
Alon Cohen, co-founder of Pump.fun, highlighted on platform X that on-chain trading is a "social sport," where traders monitor each other’s moves and compare their achievements. He believes adding tools with Kolscan's insights will bolster Pump.fun's community appeal and drive growth. "Products that provide social tools and gamify the trading experience are key to growing our ecosystem," Cohen wrote.
ICO Announcement and Goals
Pump.fun plans to launch its token "PUMP" ICO this Saturday, offering 330 billion tokens, or 33% of its 1 trillion total supply, priced at $0.004 each. The ambitious raise is set against competition from rival memecoin launcher LetsBonk. A portion of the tokens will be allocated to institutional buyers, while some will be sold to the public, though investments from the U.S. and U.K. will be restricted.
With the Kolscan acquisition and upcoming ICO, Pump.fun is looking to transform blockchain trading into a more engaging and social experience, potentially attracting millions of users.
