Pump.fun makes first acquisition, purchases Solana-based copy-trading wallet tracker Kolscan

Pump.fun has acquired Kolscan, a Solana-based wallet tracker that monitors top onchain traders, according to an announcement on Thursday. The move marks the popular memecoin generator’s first acquisition.

The service, named after the increasingly common phrase “key opinion leader,” provides real-time data and analytics, including a trader’s profit-and-loss position and a leaderboard ranking their performance.

“Our integration will not only enable better products for both Kolscan and [Pump fun] users, but allow for totally new experiences that will change the entire onchain trading landscape,” the team wrote on X.

The move comes just days ahead of Pump.fun’s planned initial coin offering, which will value the firm at $4 billion.

According to Pump co-founder Alon Cohen, the move represents one of Pump’s guiding principles — that trading is a “social sport” — as the team looks to increasingly gamify crypto investing.

“you do it with your friends and compare yourself to the best,” Cohen wrote on X. “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.”

Notably, Pump has already integrated or plans to integrate several social features, including a live-streaming platform and revenue-sharing program for token holders, which The Block was first to report.

“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,” Cohen added.

As part of the integration, Cohen noted that all of Kolscan’s services will be provided free of charge. He noted that the platform had already garnered “tens of thousands” of users prior to the acquisition.

Pump plans to also add improvements to Kolscan, especially to “make the leaderboard reward real traders again” and provide better “insights into copytrading activity,” or the strategy of placing bets based on a particular trader’s moves.