Phantom Acquires Solsniper to Expand Solana Trading Capabilities

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.

A Strategic Shift for Phantom

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.

Independent Platform for Now

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.”

Positioning for the Meme Coin Surge

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.

Backed by Major Capital

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.

Major Acquisitions in SOL Ecosystem

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