Pump.fun, a memecoin creation platform, has announced its first acquisition, purchasing Kolscan, a wallet-tracking platform that monitors the activities of top onchain traders and provides real-time transaction data. This acquisition is part of Pump.fun's strategy to enhance its offerings ahead of a planned $1 billion ICO. The integration of Kolscan is expected to provide better products for users and create innovations in the onchain trading landscape. Co-founder Alon Cohen emphasized the importance of gamifying trading to foster community engagement, suggesting that the trading experience should be social in nature. The platform intends to enhance Kolscan's features, including data reliability and user engagement tools, and plans to make Kolscan free to use. Furthermore, the ICO for Pump.fun's new token 'PUMP' is set to launch soon, targeting institutional investors and the broader public.

Source đź”—