Catenaa, Sunday, August 10, 2025-Phantom, a leading crypto wallet provider in the Solana ecosystem, announced its acquisition of Solsniper, a popular AI-powered Solana memecoin trading platform.
Phantom described Solsniper as one of the fastest and most advanced trading platforms on Solana, designed for precision and speed. The platform enables traders to monitor tokens, track wallets, and react instantly to market movements.
Founded in 2021, Phantom began as a web3 wallet focused exclusively on Solana. Earlier this year, the company raised $150 million in a Series C funding round led by Sequoia Capital and Paradigm, reaching a $3 billion valuation.
The company signaled its ambition to expand beyond wallets through strategic acquisitions. Phantom said Solsniper will continue operating as a standalone service, with plans to introduce more features and improvements in the coming months.
Phantom’s acquisition follows its February purchase of SimpleHash, a token and NFT data platform, underscoring its efforts to broaden its product offerings in the Solana space.
Memecoin trading on Solana gained momentum early in 2025, fueled by launchpads like Pump.fun, which recorded daily volumes above $3 billion in January, according to The Block Data Dashboard. However, trading volumes have since cooled.
Phantom’s latest move reflects its commitment to accelerating growth and expanding its footprint in the rapidly evolving Solana ecosystem.
