Memecoin trading platform Pump.fun has acquired blockchain analytics tool Kolscan and announced a significant funding initiative.
The acquisition aims to integrate Kolscan’s real-time transaction tracking and key opinion leader (KOL) monitoring capabilities directly into the Pump.fun platform. This integration is designed to bolster user decision-making through enhanced social trading features.
Following the acquisition, Kolscan will be upgraded to cater to a broader base of authentic traders beyond KOLs and transitioned to a free-to-use model, promoting accessibility and equity within the trading environment.
Concurrently, Pump.fun has revealed plans for a $1 billion initial coin offering (ICO) for its native PUMP token. The total token supply will be 1 trillion PUMP. Specific allocations include designated portions for the public sale, platform liquidity provisioning, and team/advisory incentives.
Investors based in the United States and the United Kingdom will be excluded from the PUMP token ICO. This restriction addresses concerns surrounding the evolving regulatory landscape in these jurisdictions.
This strategic expansion, encompassing both the Kolscan integration and the token launch, aligns with Pump.fun’s core vision. The platform seeks to gamify the trading experience and drive increased trading volumes, ultimately aiming to transform the memecoin trading sector.