Solana-based memecoin launchpad Pump.fun announced Thursday that it made its first-ever acquisition of the wallet tracking tool Kolscan. The integration would “change the entire on-chain trading landscape,” the memecoin generator noted.
The acquisition comes just days ahead of Pump.fun’s much-anticipated public token sale, scheduled for July 12. The company said early this week that the ICO aims to generate up to $600 million in funding and accounts for 15% of the token’s total supply.
The acquisition will combine Kolscan’s analytics with Pump.fun’s social trading tools to “enable better products” for both users. Further, the integration amps up transparency, copy-trading, and wallet tracking, fostering its memecoin launchpad game.
“We believe that products that provide social insights/tools and gamify the trading experience are key to growing our ecosystem,” co-founder Alon Cohen, said in a separate post.
On-chain Trading is a ‘Social Sport ’: Alon Cohen
Cohen noted that the move aligns with Pump.fun’s principles that trading is a “social sport.”
“You do it with your friends and compare yourself to the best,” he added. “More importantly, the success of the projects you invest in are often determined by the kinds of people that are involved, when they got in, how much conviction they have, etc.”
Additionally, as a part of the integration, Cohen said that all Kolscan services will be offered for free. Further, the platform has already amassed “tens of thousands” of users ahead of the acquisition announcement.
“We look forward to integrating Kolscan’s products, making them a core part of our push to building crypto’s social media platform that can scale to the billions.”
Coinbase Lists $PUMP Ahead of ICO
Meanwhile, Coinbase has announced $PUMP pre-market trading, as the launchpad prepares for the official public sale of its native token. This allows traders to engage in perpetual futures on unlaunched tokens, before their spot listings.
Per tokenomics, the upcoming ICO will make 33% of the total 3 trillion token supply available, with retail investors having access to 15% of that supply at a price of $0.004 per token.
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