Phantom has announced the acquisition of Solsniper, a high-speed trading platform tailored for meme coin activity on the Solana blockchain.
Author: Sahil Thakur
Solana-native wallet provider Phantom has announced the acquisition of Solsniper, a high-speed trading platform tailored for meme coin activity on the Solana blockchain. The move signals Phantom’s growing ambitions to evolve beyond its wallet origins into a full-stack crypto infrastructure provider.
Launched in 2021, Phantom quickly became the leading wallet for Solana users, later expanding support to Ethereum and Polygon. Now, it’s positioning itself as a comprehensive crypto trading platform.
In a post on X, Phantom said:
“We’ve acquired Solsniper, one of the fastest, most advanced trading platforms on Solana. Built for precision and speed, Solsniper helps traders monitor tokens, track wallets, and react instantly.”
Solsniper offers real-time token analytics, wallet tracking, and lightning-fast execution: key features for traders active in Solana’s fast-moving meme coin markets.
Phantom confirmed that Solsniper will remain a standalone platform for the foreseeable future. Existing users can continue to use the service without disruption, and the company plans to roll out additional features over the coming months.
This acquisition follows Phantom’s February purchase of SimpleHash, a cross-chain NFT and token metadata provider. Together, the deals lay the foundation for what Phantom calls a “full-stack trading and data ecosystem.”
The acquisition comes amid growing activity in Solana’s meme coin market. Tools like Pump.fun have made it easy for users to launch and trade tokens, resulting in a brief surge in daily volumes, over $3 billion in January 2025 alone. Platforms like Solsniper became essential for “sniping” new tokens and tracking liquidity in real time.
While trading volumes have cooled, demand for advanced token tools remains high. Phantom’s strategic acquisition suggests a long-term commitment to servicing this segment of the market.
Earlier this year, Phantom raised $150 million in a Series C round led by Sequoia Capital and Paradigm, valuing the company at $3 billion. With its latest move, Phantom is expected to pursue further acquisitions and expand its product suite to cater to an increasingly active and sophisticated user base.
| Acquirer | Target / Asset | Timing | Deal Type | Approx. Value | Strategic Focus |
|---|---|---|---|---|---|
| Astra Fintech | Dexlab (token platform) | July 2025 | Acquisition | US $10 M | Token infrastructure |
| Phantom | Solsniper (trading tool) | August 2025 | Acquisition | Not disclosed | Trading analytics, memecoin trading tools |
| Ecosystem Wave Summary | Various (wallets, tools) | Post–Q3 2024 | Multiple deals | Up to US $175 M | UX, wallets, data, staking, bridges |
| DeFi Development Corp. | SOL token treasury | Multiple (2025) | Accumulation | Tens of millions USD | On-chain treasury and staking infrastructure |
| Sol Strategies Inc. | SOL token treasury | Jan 2025 & facility | Accumulation | ~CAD $7 M + $25 M credit line | Staking infrastructure and ecosystem positioning |
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