TLDR:
- Market: Solana-based memecoin launchpad Pump.fun has purchased wallet-monitoring startup Kolscan prior to the latter’s scheduled $1 billion initial coin offering (ICO) of the $PUMP token on 12th July, 2025, which has a $4 billion valuation.
- Narrative: Pump.fun’s acquisition of Kolscan to monitor top on-chain traders’ actions is another step towards the vision of revolutionizing crypto trading as a “social sport.” Pump.fun is looking to enhance the users’ experience, increase transparency, and revolutionize the memecoin trading on Solana by implementing real-time data analysis and leaderboard functionality through the acquisition of Kolscan.
Memecoin startup-building platform Pump.fun made its first-ever acquisition when it completed the purchase of wallet-tracking platform monitoring the top on-chain traders, Kolscan, the former announced on Jul 10, 2025. During the purchase, it announced the startup was about to host the ICO of the $1 billion of the $PUMP token on Jul 12, the startup aims to build out its ecosystem while recovering the market share it ceded to peers like LetsBonk. By incorporating the real-time transaction data, profit-and-loss tracking, and leaderboard of traders, the buy of Kolscan brought along, Pump.fun will gamify the buying and selling process of cryptocurrencies, positioning the same as a social, competitive offering over the high-speed chain of Solana.
Kolscan, by “key opinion leader” (KOL) definition, offers granular analysis of top traders’ activity, i.e., real-time trades and performance lists. Pump.fun co-founder Alon Cohen highlighted the buy as a strategic action, as the site understands that “on-chain trading is a social sport,” to which the users trade with friends, reference, and admire the leaders’ performances. “Our merge will not only lead to improved products for both Kolscan and Pump.fun users but also allow entirely new experiences which will disrupt the entire on-chain trading space,” the team shared on X. As a part of a strategic venture, the buy targets Pump.fun offerings growth before its upcoming $PUMP token ICO, which offers 33% of total 1 trillion token supply of the project in public sale (180 billion to institutions, 150 billion to public sale) for $0.004 per token, targeting a fully diluted valuation of $4 billion.
Pump.fun has led the way in memecoin resurgence since it started in January 2024, allowing users with no coding skills at all to mint tokens, amassing over $715 million in total revenue. The highest daily revenues came in at millions, an indicator provided by statistics from DeFiLlama. Recent failures, a 75% volume traded decline since January 2025, as well as rival platforms, such as LetsBonk, have compelled Pump.fun to innovate. Sustaining the same through the incorporation of enhanced analytics and social trading functionality comes the fresh acquisition of Kolscan. Speed of data, consistency, as well as leaderboard capability, are future enhancements on the list, to “reward real traders again, not just KOLs.” Improved copytrading strategy insights await at Pump.fun, with the rollout of offering the functionality of Kolscan free of charge, to serve a larger number of users.
It is also complemented by Pump.fun’s overall mission of creating a decentralized social network on Solana, rivaling behemoths such as Facebook and TikTok. Cohen continued to state that the Kolscan will serve as a “core part” of the project through livestreaming, reopened last April 2025 with moderation after a previous shutdown due to incendiary content, along with a variety of gamified user interactions. X social commentary displays bivalent reactions: while others are hailing the adoption for increasing the transparency and interaction of the users, others are questioning the timing and effect on Pump.fun $4 billion valuation, criticizing the comparatively lower-priced $500K market cap token of the Kolscan.
Read the latest news on the MevX Blog!
Share on Social Media:
