Phantom said Monday it had acquired AI Solana memecoin trading platform Solsniper.
“We’ve acquired Solsniper, one of the fastest, most advanced trading platforms on Solana,” Phantom posted to X. “Built for precision and speed, Solsniper helps traders monitor tokens, track wallets, and react instantly.”
Phantom started out as a web3 wallet focused on the Solana ecosystem in 2021. Earlier this year, Phantom announced it had raised $150 million in a Series C round led by Sequoia and Paradigm at a $3 billion valuation.
“Phantom is becoming more than a wallet … expect more strategic acquisitions as we expand our product surface, accelerate our pace,” Phantom said on Monday. “The Solsniper web platform will continue to operate as a standalone service, with more features and improvements coming in the months ahead.”
Thanks to launchpads like Pump.fun Solana memecoin trading enjoyed a robust start to the year before volumes later cooled. In January, daily volumes on Pump.fun peaked at over $3 billion, according to The Block Data Dashboard.
In February, Phantom acquired SimpleHash, a token and NFT data platform, for an undisclosed sum.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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