Pump.fun Acquires Kolscan Amid $500 Million Token Sale
The post Pump.fun Acquires Kolscan Amid $500 Million Token Sale appeared on BitcoinEthereumNews.com.
Key Points: Pump.fun acquires Kolscan and raises $500 million through a token sale. Nearly 10,145 wallets participated despite not meeting the $600 million target. $1 million investments highlight diverse investor interests. Pump.fun has recently completed the acquisition of Kolscan, a notable platform in wallet analytics and trading performance tracking. The acquisition was confirmed on July 10, though the financial details remain undisclosed. The deal coincides with a public token sale by Pump.fun, which raised $500 million. Pump.fun’s acquisition of Kolscan aims to enhance its analytics offerings significantly. The acquisition, coming at a time of strategic expansions, highlights the company’s efforts to boost its capabilities in monitoring top on-chain traders. The collaboration promises improved real-time trading analytics for users. Economic and Market Implications Post Token Sale The industry has yet to see a significant impact on BTC or ETH prices following Pump.fun’s activities. Official statements from prominent leaders or influencers in the crypto space remain absent. As noted in ChainCatcher’s report: No relevant direct quotes on these events have been identified on official Twitter, Medium, or project blog channels as of July 14, 2025. No relevant direct quotes on these events have been identified on official Twitter, Medium, or project blog channels as of July 14, 2025. Historical Context, Price Data, and Expert Analysis Did you know? During 2024-2025, similar acquisitions in wallet analytics have paralleled data-driven expansion efforts across DeFi infrastructures, enhancing transparency and user engagement. Bitcoin (BTC) is currently valued at $119,118.80, with a market capitalization of $2.37 trillion, as reported by CoinMarketCap. The cryptocurrency dominates 63.74% of the market with an impressive 40.76% increase over the past 90 days. Its 24-hour trading volume reached $49.09 billion. Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 00:00 UTC on July 14, 2025. Source: CoinMarketCap Blockware Intelligence predicts that by the end…
Filed under: News - @ July 14, 2025 12:06 am