Pump.fun Buys Wallet Tracker Kolscan Ahead of $1B Token Sale – Crypto News – Crypto News
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Pump.fun Buys Wallet Tracker Kolscan Ahead of $1B Token Sale Pump.fun Buys Wallet Tracker Kolscan Ahead of $1B Token Sale

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Pump.fun Buys Wallet Tracker Kolscan Ahead of $1B Token Sale – Crypto News

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Solana-based trading platform Pump.fun said on 10 July that it has acquired Kolscan, a wallet-tracking tool that monitors top on-chain traders and provides real-time transaction data, profit-and-loss analytics and performance leaderboards. The deal marks Pump.fun’s first acquisition and is intended to deepen the company’s social-trading features by giving users direct insight into leading wallets’ activity. Financial terms were not disclosed.

The move comes two days before Pump.fun’s scheduled initial coin offering on 12 July. People familiar with the plans told Blockworks the company aims to raise about $1 billion through the sale of its PUMP token, implying a fully diluted valuation of roughly $4 billion. According to Pump.fun’s published tokenomics, one-third of the supply will be sold in the ICO, with 25% of future revenue earmarked for token holders.

News of the acquisition triggered a sharp rally in the unofficial Solana-based meme coin tied to Kolscan. Data from multiple on-chain trackers show the token’s market capitalization jumping from roughly $300,000 to around $22.4 million—an increase of about 10,000%—within five minutes of the announcement.

This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.

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