Phantom, the leading Solana-based wallet, has acquired Solsniper, a rapidly growing meme coin trading platform on the Solana blockchain. This strategic move, announced via Phantom’s official X (formerly Twitter), enhances the wallet’s capabilities in the cryptocurrency ecosystem. Solsniper is celebrated for its real-time token tracking, sophisticated wallet analytics, and quick trading execution, making it a favorite among meme coin traders.
Phantom aims to evolve from a basic Web3 wallet into a comprehensive trading infrastructure. Following a successful $150 million Series C funding round led by Sequoia Capital, Phantom is poised for growth, with plans to retain Solsniper as an independent platform while introducing updates. This acquisition aligns with crypto traders’ increasing need for tools that facilitate rapid trading decisions and engagement in fast-paced markets.
Phantom is not new to acquisitions, having previously acquired SimpleHash to bolster support for decentralized applications and NFTs. As meme coin activity is projected to surge in 2025, Phantom’s alignment with Solsniper puts it at the forefront of this evolving market.
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