Solana-based buying and selling platform Pump.enjoyable stated on 10 July that it has acquired Kolscan, a wallet-tracking device that screens prime on-chain merchants and gives real-time transaction information, profit-and-loss analytics and efficiency leaderboards. The deal marks Pump.enjoyable’s first acquisition and is meant to deepen the corporate’s social-trading options by giving customers direct perception into main wallets’ exercise. Monetary phrases weren’t disclosed.
The transfer comes two days earlier than Pump.enjoyable’s scheduled preliminary coin providing on 12 July. Folks acquainted with the plans advised Blockworks the corporate goals to lift about $1 billion by means of the sale of its PUMP token, implying a totally diluted valuation of roughly $4 billion. In response to Pump.enjoyable’s printed tokenomics, one-third of the provision shall be offered within the ICO, with 25% of future income earmarked for token holders.
Information of the acquisition triggered a pointy rally within the unofficial Solana-based meme coin tied to Kolscan. Knowledge from a number of on-chain trackers present the token’s market capitalization leaping from roughly $300,000 to round $22.4 million—a rise of about 10,000%—inside 5 minutes of the announcement.
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