Phantom’s Power Move: Acquires Solsniper to Supercharge Solana Trading Tools

Solana's ecosystem just got sharper. Phantom—the wallet giant—snapped up Solsniper in a deal that turbocharges its trading toolkit. No terms disclosed, but the message is clear: they're gunning for dominance.

Why it matters: Solana's DeFi scene is heating up, and Phantom's playbook reads like a land grab. With Solsniper's sniper-bot tech, traders get faster execution, better MEV protection, and a one-stop shop for alpha. The competition? Left scrambling.

The cynical take: Another 'strategic acquisition' that'll either mint millionaires or end up as a tax write-off. But hey, at least the hopium's free.

A Strategic Move After Major Funding

The acquisition follows Phantom’s $150 million Series C funding round led by Sequoia Capital and Paradigm, which valued the company at $3 billion. Earlier this year, Phantom also acquired SimpleHash, a metadata provider for NFTs and tokens. These moves show Phantom’s intent to evolve from a basic wallet into a full-stack trading and analytics platform.

Solana’s meme coin market has grown rapidly in 2025, especially with tools like Pump.fun, which made it easy for users to create and trade meme tokens. At its peak in January, Pump.fun recorded daily volumes exceeding $3 billion. This surge fueled demand for sniping tools like Solsniper, which allow traders to buy tokens within seconds of launch.

Solsniper Will Stay Independent — For Now

Phantom confirmed that Solsniper will continue operating independently for the time being. The team assured current users that no immediate changes will disrupt their experience. In fact, Phantom plans to release new features on Solsniper in the coming months while retaining the Core interface and functionality.

This approach mirrors Phantom’s previous acquisition of SimpleHash, where the company added features gradually without disrupting existing user flows. It also reflects Phantom’s desire to preserve the trust and utility that platforms like Solsniper have built with traders.

Beyond the Wallet: Phantom’s New Identity

Since its launch in 2021, Phantom has become the most popular wallet for Solana users thanks to its user-friendly interface and robust security. Over time, it expanded its support to ethereum and Polygon, signaling broader ambitions in the multichain world.

But now, Phantom is clearly repositioning itself. The wallet provider is aiming to become a comprehensive infrastructure layer for crypto traders. With Solsniper in its arsenal, Phantom can now cater to more advanced trading needs — from wallet analytics to real-time sniping and token discovery.

By acquiring two major platforms in less than a year, Phantom is building a stacked ecosystem of products that go beyond simple storage and swaps. These tools will serve retail traders, professionals, and even institutions looking for speed, precision, and actionable data.

Preparing for Another Meme Coin Boom

Even though trading volumes have cooled since the frenzy earlier in the year, interest in Solana meme coins remains strong. Many traders are still hunting for early entries into new tokens, following “whale wallets,” and tracking liquidity movements across the network. Tools like Solsniper offer all of these capabilities in a single interface, making them indispensable for high-frequency traders.

Phantom’s MOVE suggests it is preparing for a second wave of activity. As new meme coins hit the market and developer tooling improves, demand for token sniping and analytics platforms will likely return. Phantom wants to be ready — not just as a wallet, but as a command center for Solana traders.

The Bigger Picture

Crypto users are evolving. Wallets are no longer just safes for digital assets. Traders now expect built-in analytics, swap features, staking, cross-chain access, and token discovery — all in one place. Phantom’s pivot and acquisitions show that it recognizes this change and is racing to build a solution for the next generation of active users.

If Phantom continues along this path, it could redefine what a wallet means in the crypto space — transforming from a simple storage tool to a dynamic trading and data ecosystem for Web3 users.