Solsniper will shut down its NFT marketplace on June 13 after more than three years of operation.
The company will refund all user balances and remove active bids from its marketplace automatically.
NFT trading volumes have dropped over 60% since December causing several platforms to close.
Solsniper, a Solana-based NFT marketplace, confirmed it will shut down its NFT services on June 13, 2025, at 12 PM PST. The decision ends over three years of NFT-related operations, including marketplace listings, bids, and related tools.
https://twitter.com/solsniperxyz/status/1933292135492567400 NFT Marketplace Services to Cease
The platform will delist all NFTs, remove active bids, and refund user balances automatically. All marketplace activities will stop completely. The company stated it will retain leaderboard data for potential future incentive programs.
Founded as an analytics tool, Solsniper later expanded into a mobile app and a full-service NFT aggregator. It eventually evolved into a dedicated NFT marketplace, targeting active Solana traders.
Company Will Continue Operating
Solsniper confirmed the shutdown only affects NFT services. The company will remain active in other blockchain-related sectors. It has already shifted focus toward new product offerings beyond NFTs.
Solsniper recently launched a Telegram bot for trading, a web-based terminal, and an AI assistant designed for memecoin markets. The company emphasized that it struggled to maintain a sustainable NFT marketplace model.
Broader Market Challenges Impact NFT Platforms
The shutdown comes amid growing signs of weakness in NFT trading activity across the market. Multiple platforms have announced closures due to declining volumes and user interest.
Bybit and X2Y2, two major players in the space, exited the NFT market in April. They pointed to reduced engagement and strategic realignments. These exits marked another phase in the ongoing contraction of NFT-related platforms.
Bybit’s shutdown followed a security breach in which hackers reportedly stole $1.5 billion. The breach added pressure to already strained operations.
NFT Trading Volumes Continue Falling
According to DappRadar, NFT trading volumes fell by 63% since December 2024. While early 2025 showed signs of recovery, momentum weakened as the year progressed.
Traders have responded by reducing activity or switching platforms. Many seek alternatives or move into other crypto assets, particularly memecoins and tokens with stronger liquidity.
Short-lived dips in trading volumes followed past marketplace exits. However, the broader market remained mostly resilient. Despite fluctuations, long-term interest in digital assets continues to evolve.
