Phantom, the leading wallet on the Solana blockchain, said it has acquired SolSniper, an advanced on-chain trading terminal for memecoins and NFTs
Phantom, the leading wallet on the Solana blockchain, said it has acquired SolSniper, an advanced on-chain trading terminal for memecoins and NFTs. Financial terms were not disclosed. The deal, announced 4 Aug., is Phantom’s fourth acquisition in 16 months and is intended to accelerate the company’s plan to evolve from a wallet into what it calls a comprehensive consumer-finance platform.
Founded as an NFT marketplace, SolSniper pivoted to high-speed memecoin trading after NFT volumes slumped and wound down its original NFT services in June 2025. The platform offers automated sniping, wallet tracking and analytics designed for rapid execution on Solana’s low-latency network—features Phantom intends to embed directly into its wallet for a more sophisticated trading experience.
The deal deepens Phantom’s push into higher-margin trading services. Phantom’s own perpetual-futures product has generated about $1.5 million in fees on $3.11 billion in volume during the past month, according to Flowscan. “Combining SolSniper’s advanced feature set with Phantom’s infrastructure and distribution will help us build for and serve entirely new audiences,” said Brandon Millman, Phantom’s co-founder and chief executive.
Phantom has been on an acquisition spree, previously buying blockchain indexer Simplehash in February 2025 and earlier snapping up security firm Blowfish and embedded-wallet provider BitSki. The latest purchase reflects a broader trend on Solana, where companies such as Jupiter and Kamino Finance are bundling multiple DeFi services under a single brand to capture a growing base of on-chain traders.
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