tl;dr
Phantom, a Solana-based wallet, has acquired Solsniper, a meme coin trading platform known for fast, precise trading tools including token monitoring and wallet tracking. The acquisition supports Phantom’s goal to evolve from a Web3 wallet into a comprehensive trading and crypto infrastructure platf...
Solana-based wallet Phantom has acquired Solsniper, a rapidly growing meme coin trading platform on the Solana blockchain. Announced via Phantom’s official X account, the acquisition highlights Solsniper’s strengths in providing fast, precise trading tools that enable token monitoring, wallet tracking, and instant trading execution.
Solsniper is well-known for its real-time token tracking and advanced wallet analytics, making it a favorite among traders in the Solana meme coin scene. This acquisition marks a significant strategic shift for Phantom, which aims to transform from a simple Web3 wallet into a comprehensive trading and crypto infrastructure platform.
Since its 2021 launch, Phantom has gained popularity for its user-friendly interface and strong security, expanding support beyond Solana to Ethereum and Polygon. Earlier this year, Phantom secured $150 million in Series C funding, led by Sequoia Capital and Paradigm, pushing its valuation to $3 billion.
Phantom assures that Solsniper will continue to operate independently without immediate integration, allowing current users uninterrupted access. The company plans updates and new features over the coming months, signaling a commitment to preserving Solsniper’s existing strengths while gradually enhancing the platform.
Alongside this acquisition, Phantom also acquired SimpleHash in February to boost its support for decentralized apps and NFT traders, aiming to build a full-stack trading and data ecosystem centered on its core wallet service.
Looking ahead, Phantom is preparing for a surge in Solana-based meme coins expected in 2025. The rise of launchpads like Pump.fun has enabled rapid creation and trading of meme tokens, generating enormous daily volumes and fueling demand for rapid trading tools like Solsniper that provide real-time liquidity tracking and whale wallet monitoring.
Though trading volumes have cooled, strong interest in meme coins and token analytics tools remains. Phantom’s acquisition of Solsniper reflects its awareness of evolving trader needs, moving beyond asset storage towards enabling active, fast-paced market engagement.