For now, Phantom has confirmed that Solsniper will continue operating independently and won’t be immediately shut down or integrated into its existing app.
Phantom has acquired Solsniper, a leading Solana-based AI memecoin trading tool
Source Cryptopolitan
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
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.
Want your project in front of crypto’s top minds? Feature it in our next industry report, where data meets impact.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for November 11, 2026. Read on for the details.
Nvidia slid 7.7% after hours while AMD and Broadcom rose — the AI trade changed hands, it didn't breakNvidia closed Wednesday at 173.73, up 2.87%, then fell as much as 8.1% to 159.44 after reports that its board was preparing for a possible leadership change. The same session, the Philadelphia Semiconductor Index rose 5.7% with all 30 components higher, CoreWeave jumped 24.7% on 168% revenue growth, and Micron added 11.9%. If AI demand were being repriced, AMD and Broadcom would not be bid. This is a governance discount on one name, and 204.54 — the 200-day average — is the level that settles it.
Nvidia closed Wednesday at 173.73, up 2.87%, then fell as much as 8.1% to 159.44 after reports that its board was preparing for a possible leadership change. The same session, the Philadelphia Semiconductor Index rose 5.7% with all 30 components higher, CoreWeave jumped 24.7% on 168% revenue growth, and Micron added 11.9%. If AI demand were being repriced, AMD and Broadcom would not be bid. This is a governance discount on one name, and 204.54 — the 200-day average — is the level that settles it.
US October PPI Preview: Fed Rate Hike Expectations Rise, PPI May Be Key Variable; How Will US Stocks, Dollar, and Gold Move?On Friday (Nov. 13) Eastern Time, the U.S. will release the October Producer Price Index (PPI). Following the October CPI once again exceeding expectations, the market will look to the PP
On Friday (Nov. 13) Eastern Time, the U.S. will release the October Producer Price Index (PPI). Following the October CPI once again exceeding expectations, the market will look to the PP
Gold hit a one-year low while central banks bought 321 tonnes — the sellers were never the ones you thinkSpot gold closed at 3,876 on Thursday, down 2.8% and its lowest close in more than a year, with an intraday low near 3,852. The dollar is at a 19-month high of 103.21 and the 10-year yield is at 5.10%, so the price move is easy to explain. What is harder to explain is who sold: central banks bought 321 tonnes in Q3, the PBoC added for a 24th straight month, ETF holdings are near a record 4,256 tonnes, and roughly 95% of the futures selling came from non-reportable and sovereign-type accounts rather than hedge funds. This piece separates the two books that have to balance.
Spot gold closed at 3,876 on Thursday, down 2.8% and its lowest close in more than a year, with an intraday low near 3,852. The dollar is at a 19-month high of 103.21 and the 10-year yield is at 5.10%, so the price move is easy to explain. What is harder to explain is who sold: central banks bought 321 tonnes in Q3, the PBoC added for a 24th straight month, ETF holdings are near a record 4,256 tonnes, and roughly 95% of the futures selling came from non-reportable and sovereign-type accounts rather than hedge funds. This piece separates the two books that have to balance.
Brent rose 3.3% and US crude stocks built 4.66 million barrels in the same weekBrent January settled at 95.82, up 3.3%, and WTI at 88.74, up 2.55%, after the US signalled it would not pursue a deal with Iran and attacks on Gulf shipping continued. In the same week, EIA data showed US crude inventories rising 4.657 million barrels against expectations of a 1.1 million draw, with gasoline up another 1.799 million. OPEC output also rebounded 1.96 million barrels a day to 27.16 million in October, led by Saudi Arabia at 10.56 million. This piece separates the geopolitical premium from the physical balance and lays out where each side of the trade is anchored.
Brent January settled at 95.82, up 3.3%, and WTI at 88.74, up 2.55%, after the US signalled it would not pursue a deal with Iran and attacks on Gulf shipping continued. In the same week, EIA data showed US crude inventories rising 4.657 million barrels against expectations of a 1.1 million draw, with gasoline up another 1.799 million. OPEC output also rebounded 1.96 million barrels a day to 27.16 million in October, led by Saudi Arabia at 10.56 million. This piece separates the geopolitical premium from the physical balance and lays out where each side of the trade is anchored.
