Pump.fun Acquires wallet tracking tool Kolscan to create a new social trading investment experience

Token issuance platform Pump.fun announced yesterday that it has completed its first acquisition by purchasing the wallet tracking tool Kolscan and simultaneously revealed an ICO plan worth up to 1 billion US dollars. From social trading to leaderboards and upcoming live streaming and copy trading features, Pump.fun is attempting to create a new on-chain trading platform that combines gambling entertainment and crypto-native social dynamics. As a rapidly popular meme coin creation and launch platform that has emerged in the past year, Pump.fun allows users to instantly create Tokens without programming, and once reached peak daily revenues of millions of dollars in January this year. Yesterday, the official announced the acquisition of wallet tracking tool Kolscan, which can track real-time dynamics, earnings records, and trading rankings of top on-chain traders or Key Opinion Leaders. This is not just a technical acquisition, but a key step for Pump.fun to pave the way for building an on-chain social financial platform. Co-founder Alon Cohen stated that this acquisition aligns with his long-term vision: "We believe on-chain trading is a social activity where people compare their investment insights with friends and even reference each other's betting strategies." Simultaneously, Pump.fun announced it will launch its first Token offering (ICO) this Saturday with major exchanges, releasing platform Token PUMP. With a total supply of 1 trillion Tokens, it will be sold at $0.004 per Token, representing 15% of total supply, with a fundraising target of 600 million US dollars. Now, Pump.fun seems to have evolved from a single-function competitive arena to a social gambling ecosystem integrating Token issuance, trading, data observation, and community interaction. This transformation is not just a product update, but a narrative reconstruction of "trading = game" in the on-chain world.

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Snoop Dogg and Telegram Launch Non-Fungible Token, Earning $12 Million in 30 Minutes

On 7/9, Snoop Dogg launched a series of Non-Fungible Tokens inspired by his personal style on Telegram, with approximately 996,000 tokens issued on the TON chain. Telegram founder Pavel Durov subsequently announced on X that these Non-Fungible Tokens sold out within 30 minutes, generating total sales of $12 million, and revealed:

"These Non-Fungible Tokens will only be officially minted after 21 days, and the market might go crazy by then!"

The Non-Fungible Token collection includes vintage cars, trendy bags, a Doberman with Snoop Dogg's image, and cannabis-related items. These animated images can be used as profile pictures and can be converted into Telegram's built-in cryptocurrency "Stars".

Snoop Dogg Releases Single 'Gifts' Promotional Collectible

To accompany this Non-Fungible Token sale, Snoop Dogg released a new song 'Gifts' and its music video, which showcases all the Non-Fungible Token designs.

Many netizens on social platforms and YouTube praised this collaboration, with many believing it could be a signal of a potential Non-Fungible Token market recovery, especially after a year of declining trading volumes.

Non-Fungible Token Responsible Person: Possibly the Beginning of a New Narrative

Zenith, the Non-Fungible Token lead for the TON chain, stated on X that original Non-Fungible Tokens on Telegram actually appeared in January this year, with the first series called "Plush Pepe", and Snoop Dogg was not the first. However, he noted that the market response this time was quite strong and could be the beginning of a new Non-Fungible Token narrative.

Zenith added:

"The unique utility of Telegram's Non-Fungible Tokens is that they can be displayed on a Telegram profile. Will other brands or Web3 IPs jump on this bandwagon? I don't know, but I enjoy speculating."

Non-Fungible Token Market Declines for 5 Consecutive Quarters, but Transaction Volume Slightly Rebounds

According to reports, the overall Non-Fungible Token market performance remains poor this year, with five consecutive quarters of decline. The Non-Fungible Token trading volume in Q2 2025 was $823 million, a nearly 80% decrease from $4 billion in Q2 2024. However, the number of transactions has slightly improved, rising from the lowest 7 million transactions in Q1 to 12.5 million.