Phantom Wallet Acquires Solsniper to Boost Solana Memecoin Trading
Phantom Wallet has acquired Solsniper, an AI-driven Solana memecoin sniper tool that tracks token launches and whale wallets in real time. The acquisition follows Phantom Wallet’s $150 million Series C round valuing the platform at $3 billion and comes on the heels of its February purchase of NFT data provider SimpleHash. Solsniper will operate independently, with the team led by crypto veteran @0xmaz_ set to roll out optimized features and new trading products over the coming months. By integrating Solsniper, Phantom Wallet aims to transform its wallet into an all-in-one crypto trading hub, delivering ultra-fast, precise transactions on Solana’s low-fee, high-speed network. This move underscores the robustness of the Solana memecoin market, where platforms like Pump.fun surpassed $3 billion in daily trading volume earlier this year, solidifying Phantom Wallet’s position in the memecoin sector.
Bullish
Short-term, the acquisition provides traders with advanced AI tools for real-time memecoin sniping and whale tracking, likely driving higher trading volumes and increased user engagement on Solana. In the long run, integrating Solsniper into Phantom Wallet’s platform strengthens its product offerings, attracts more users to the Solana ecosystem, and enhances liquidity in memecoin markets. This strategic move reinforces confidence in Phantom Wallet and Solana’s network capabilities, supporting a bullish outlook for SOL and related memecoins.