Pump.fun has concluded a public token sale and announced the successful raising of $500 million, as well as the acquisition of Kolscan.
Successful Token Sale of Pump.fun
On July 13, 2025, the public token sale of Pump.fun raised $500 million by selling 12.5% of its tokens. Despite falling $100 million short of its initial target of $600 million, investor interest remains high. As such, the token sale attracted significant attention and became one of the largest fundraising events in crypto history.
Acquisition of Kolscan for Enhanced Functionality
As part of this strategy, Pump.fun announced the acquisition of Kolscan, a tool for asset tracking. This purchase aims to enhance the platform's market-tracking capabilities and may accelerate the development of future projects within the Pump.fun ecosystem.
Market Reacts to Pump.fun's New Moves
The news of the token sale and acquisition sparked interest among traders and exchanges. There has been a price increase for the PUMP token, which rose by 9.45% in the last 24 hours. According to CoinMarketCap, the current price of PUMP is $0.01, with a market capitalization of $2.13 billion. With increased trading activity, experts suggest that these new developments may attract regulatory scrutiny.
The strategic steps of Pump.fun to raise capital and acquire Kolscan highlight the company's position amid changing market dynamics and increasing competition in the crypto industry.
