Pump.fun Acquires Solana Wallet Tracker Kolscan

Pump.fun has officially acquired Kolscan, a wallet tracker based on Solana that keeps an eye on top on-chain traders, as announced on Thursday. This marks the first acquisition for the popular memecoin generator. Kolscan, named after the term “key opinion leader,” offers real-time data and analytics, showcasing traders' profit-and-loss positions and providing a performance leaderboard. In their announcement on X, the team expressed that this integration will enhance products for both Kolscan and Pump.fun users, and create new experiences that will revolutionize the on-chain trading landscape. This acquisition coincides with Pump.fun’s upcoming initial coin offering, which is set to value the company at $4 billion. Alon Cohen, co-founder of Pump.fun, reiterated one of the company’s core principles: trading is a “social sport.” He explained that people trade together, comparing themselves to top traders, and that the success of investments often hinges on the community involved. Pump is set to introduce various social features, including a live-streaming platform and a revenue-sharing program for token holders, as previously reported by The Block. Cohen also mentioned that all of Kolscan’s services will remain free post-acquisition and that the platform has attracted “tens of thousands” of users already. Improvements to Kolscan will also be on the agenda, particularly to ensure the leaderboard rewards genuine traders and provides deeper insights into copy trading activities, where individuals place bets based on the moves of successful traders.