Pump.fun, the much-hyped Solana-based memecoin launchpad, is bringing its bright day ahead with the recent collaboration with Kolscan, an on-chain analytics platform of the Solana ecosystem. With the acquisition, the platform will offer new products for its users as well as for Kolscan.
The new integration will also provide new experiences for the users that will change the entire on-chain trading landscape, according to Pump.fun. The announcement came amid Pump.fun’s PUMP token launch that will fall on July 12 through an Initial Coin Offering (ICO).
Pump.fun co-founder Alon Cohen wrote in another X post that on-chain trading is an interactive and competitive art, calling it “social sport.” Putting out more words, Cohen wrote that the success of the projects people invest in is often determined by the type of people involved and how they support the projects. Adding up all these reasons, Cohen announced the partnership with Kolscan.
What does Kolscan do?
Kolscan, a real-time wallet tracker, monitors the wallet activities of top on-chain traders. The wallet monitor provides instant updates on the activities of top on-chain traders, tracks token PnL (profit and loss), and a leaderboard ranking their performance.
Pump token’s ICO
Pump.fun’s official Pump token ICO will begin from July 12 and wrap up by July 18. It will be available on exchanges such as Kraken, Bybit, KuCoin, MEXC, Kraken, and Gate.io.
150 billion tokens, which is equal to 15% of the total token supply, will be unlocked upon listing. Each token costs $0.004.
Coinbase, Kraken announce support for PUMP
Last day, crypto exchange Coinbase announced its support for PUMP by introducing a pre-launch market on Coinbase International Exchange and Coinbase Advanced.
And today, the platform has enabled PUMP-PERP (perpetual futures contract) trading on its exchange.
Kraken has also publicly declared its backing for PUMP, stating: “pump.fun has rapidly become the most successful token launchpad in crypto”. All tokens purchased will be available for sale, conversion, or withdrawal on the Kraken exchange.
With Pump.fun’s launchpad allowing anyone to create memes, the platform, along with its PUMP token, is reportedly gaining strong traction among crypto enthusiasts. Its on-chain gamification and memetic culture are widely appreciated by users.
