Phantom Completes Acquisition of Solana Memecoin Trading Platform Solsniper

TL;DR

• Wallet provider Phantom has acquired the Solsniper trading platform.

• Solsniper will continue to operate as a standalone trading platform.

Phantom Acquires Solsniper

Phantom announced on Monday that it had acquired AI Solana memecoin trading platform Solsniper. While announcing this via X, Phantom added that Solsniper helps traders monitor tokens, track wallets, and react instantly, making it one of the most advanced trading platforms on Solana. 

We’ve acquired @solsniperxyz — 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. It’s a favorite of power users for a reason. pic.twitter.com/rtC6Ebh6kp

— Phantom (@phantom) August 4, 2025

Phantom launched as a Solana-based Web3 wallet in 2021 but has since expanded to cover other major blockchains, including Bitcoin, Ethereum, Polygon, Base, and Sui. Earlier this year, the firm raised $150 million in a Series C round led by Sequoia and Paradigm at a $3 billion valuation.

The team added that,

“Phantom is becoming more than a wallet. We're building the leading consumer finance platform, all on crypto infra. Expect more strategic acquisitions as we expand our product surface, accelerate our pace, and integrate exceptional teams into Phantom.”

This latest development comes after Phantom acquired SimpleHash, a token and NFT data platform, in February.