Solana-based wallet Phantom has acquired Solsniper, one of the fastest-growing meme coin trading platforms on the Solana blockchain. The announcement was made on Monday through Phantom’s official X (formerly Twitter) account.
“We’ve acquired Solsniper, one of the fastest, most advanced trading platforms on Solana,” Phantom posted. “Built for precision and speed, Solsniper helps traders monitor tokens, track wallets, and react instantly.”
Solsniper is renowned for its real-time token tracking, which offers highly sophisticated wallet analytics and lightning-quick trading execution. This has made it popular with traders in the Solana meme coin space due to its features that deal with the rapid marketplace.
The purchase of Solsniper will be a large pivot on the vision of Phantom. Formerly considered little more than a Web3 wallet, the company seeks to evolve into a trading and crypto infrastructure platform.
Launched in 2021, Phantom soon emerged as the wallet of choice for Solana users because of its easy-to-use interface and best-in-class security. Later, the team also added additional support for Ethereum and Polygon networks.
Earlier this year, Phantom raised $150 million in a Series C funding round. The round was led by major venture capital firms Sequoia Capital and Paradigm, giving Phantom a valuation of $3 billion.
Phantom maintains Solsniper as an independent platform
For now, Phantom has confirmed that Solsniper will continue operating independently and won’t be immediately shut down or integrated into its existing app.
All existing Solsniper users can continue using the tool as they are now. Phantom has also promised that updates and new additions are on the way, with releases planned over the next few months.
Still, its commitment to keep Solsniper as a separate product shows Phantom intends to preserve the platform’s status quo while slowly adding new features.
Phantom stated that it is evolving beyond its role as a simple wallet and indicated that users should expect more strategic acquisitions as the company works to broaden its product offerings and speed up its development efforts.
This isn’t Phantom’s first company acquisition to boost its offerings. In February, it bought SimpleHash, a cross-chain NFT and token metadata provider. That move strengthened Phantom’s ability to support decentralized applications and NFT traders.
Phantom is building a full-stack trading and data ecosystem with both acquisitions on top of its core wallet service.
Phantom prepares for meme coin surge with Solsniper
Solana-based meme coins will see explosive growth in 2025. Launchpads like Pump.fun made it easy for anyone to create and trade meme tokens within minutes.
In January, Pump.fun alone recorded daily trading volumes of over $3 billion. This surge created a massive demand for fast, reliable tools that could give traders an edge — especially tools that allow for rapid entry into new token launches, also known as “sniping.”
Platforms like Solsniper became essential, allowing users to track liquidity, follow whale wallets, and trade in real-time — often within seconds of a new token going live.
While trading volumes have since cooled off, interest in memecoins and token tools remains high. Phantom’s acquisition of Solsniper shows that it closely watches trader behavior and adjusts its product strategy accordingly.
Crypto traders are no longer just storing assets in wallets. They are tracking, swapping, and actively engaging in fast-paced markets.
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