Solana-based Memecoin Launchpad Pump.fun has taken over Wallet tracking platform Kolscan in his very first buy-out, prior to the upcoming ICO.
According to an announcement of 11 July, Pump.Fun has already started integrating the functions of Kolcan in his platform, in which the acquisition is described as a movement that would make “better products possible for both Kolcan and Pump.Fun users”, while “completely new experiences” are introduced in the onchain trade space.
Kolscan is a real-time analysis tool that follows the activity of top-onchain traders, also known as important opinion leaders (Kols). It provides insights at portfolio level in token holdings, live transactions and trade performance.
One of the central functions is a dynamic ranking for leaderboard based on their profit and loss performance, so that users can control and compare the strategies of influential traders in the Solana Ecosystem.
Pomp.Fun co-founder Alon Cohen has confirmed That Kolscan will remain in use for free, and the platform has planned a series of improvements to improve the accuracy of the data, to speed up trade updates and introduce new tools to follow and copy best performing strategies.
Cohen said that the acquisition is in accordance with his conviction that “Onchainhandel is a social sport”, where users not only speculate but also act together with friends and compare performance.
According to Cohen, products that offer “social insights/tools and the trading experience Gamifyen” are the key to pump. Fun’s continuous growth.
Earlier, the token implementer had introduced the live streaming function, which was temporarily suspended and later re -launched with moderation systems after users started to abuse the tool to broadcast harmful and violent content.
Pump.Fun’s move to the acquisition of Kolscan also comes when the platform is confronted with the increasing pressure to stay ahead of the competition. After dominating the Solana Memecoin scene earlier this year, the market share went below 60% and sales have also fallen, while rivals such as Letsbonk continue to get a grip.
The integration of Kolscan can help pumps. Fun has been resolved again by adding usefulness and transparency that goes beyond simple token implementation.
In the meantime, the Kolscan acquisition comes just before Pump.Fun’s long-awaited ICO and can be seen as a strategic step to strengthen the trust of investors by demonstrating the dedication of the platform to extend its ecosystem and improve the user experience through social and data-driven functions.
As previously reported by crypto.news, the ICO offers 15% of the total pumping smoke offer, equal to 150 billion tokens, for a price of $ 0.004 each. An additional 18% has already been sold to institutional investors under the same conditions.
