Phantom Acquires Solsniper for Solana Meme Token Tools
Phantom has acquired Solsniper, an AI-driven meme token trading platform on Solana, to strengthen its in-wallet trading capabilities. Under the deal, Solsniper’s founding team joins Phantom, while the web app remains a standalone service. The acquisition builds on Phantom’s recent launch of perpetual futures via Hyperliquid. Solsniper brings a Telegram trading bot, high-speed token monitoring and wallet-tracking features. Phantom plans to integrate these tools into its crypto wallet with additional features in the coming months, and co-founder Brandon Millman says further acquisitions are likely as Phantom expands its trading infrastructure. Traders can expect improved Solana meme token trading tools in-wallet, potentially boosting adoption and liquidity on the Solana network.
Bullish
The acquisition of Solsniper by Phantom is bullish for SOL. In the short term, integrating advanced meme token trading tools directly into the Phantom wallet is likely to increase on-chain activity and liquidity on Solana, driving demand for SOL as gas fees and trading volumes rise. Enhanced user retention and faster execution will boost trader engagement within the ecosystem. Over the long term, this strategic move signals continued investment in Solana’s infrastructure, with Phantom pursuing further acquisitions to broaden its trading services. These developments can strengthen network effects, attract new users, and sustain upward pressure on SOL’s price.