04.08.2025 21:02
Phantom, a prominent cryptocurrency wallet provider, has significantly expanded its operational capabilities by acquiring Solsniper, a leading Solana trading and analytics platform. This exclusive news, obtained from internet sources, highlights Phantom's strategic move to enhance its trading offerings. The financial details of the acquisition remain undisclosed.
Solsniper, known for its advanced features catering to memecoin traders, will continue independent operation as a standalone platform. This acquisition also brings Max Zhuang, Solsniper's co-founder and CEO, and his team into the Phantom fold. The move suggests Phantom's ambition to broaden its presence within the crypto trading landscape, building upon its recent integration of perpetual futures trading via Hyperliquid.
The thriving Solana memecoin ecosystem has proven exceptionally profitable not only for token creation platforms like pump.fun and Letsbonk, but also for the supporting infrastructure facilitating memecoin discovery, tracking, and trading. A recent observation by Solana on-chain analyst adam_tehc revealed DEX Screener earned $2.9 million in a single month solely from charging memecoin projects for listing updates. This trend underscores the growing integration of such support services into established trading platforms. Jupiter and pump.fun, for instance, already incorporate in-house trading terminals.
Phantom's acquisition of Solsniper strongly indicates a similar strategic direction. While official announcements are pending, this move positions Phantom to offer a comprehensive trading experience. Joe Wadcan, Phantom's head of corporate development, stated that the acquisition aligns with their vision to cater to a diverse user base, from novice investors to seasoned traders. He praised Solsniper's platform development and expressed enthusiasm about leveraging Phantom's resources to enhance the product.
Further enhancing the acquisition's appeal is Solsniper's popular Telegram trading bot, a feature particularly attractive within certain memecoin trading communities. This acquisition underscores Phantom's commitment to providing advanced, sophisticated tools within its expanding ecosystem.
