🔥Phantom taps Solsniper as it targets expansion beyond wallet services

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Solana-based crypto wallet Phantom has acquired Solsniper as it looks to expand its focus from wallet-only services.

Solsniper specializes in tracking token launches, wallet activity, and market movements.

💥 The memecoin market on Solana remains active, with popular tokens like $PENGU , $BONK and $TRUMP leading the way.

LetsBonk now accounts for 57% of Solana’s memecoin activity. In the past 24 hours alone, it’s seen over 18,000 new tokens deployed and processed more than $507 million in volume, according to data from Dune Analytics.

Meanwhile, tokens like Pudgy Penguins (PENGU), Bonk (BONK) and Trump (TRUMP) remain the three leading memecoin tokens issued on the Solana blockchain by market capitalization, with it’s ecosystem of quick-to-deploy and easy-to-use UX/UI by platforms like Pump.fun shaping the crypto-meme narrative.

🔥Still, traction is cooling. Daily active addresses in the ecosystem have fallen from a January peak of 433,000 to around 148,850, signaling a slowdown in broader retail engagement.