Phantom, known for its wallet for Solana, has announced the acquisition of the rapidly growing platform Solsniper, specializing in meme coin trading.
Acquisition Announcement
The acquisition was announced on Monday through Phantom's official account on X (formerly Twitter). "We’ve acquired Solsniper, one of the fastest and most advanced trading platforms on Solana," the company stated.
Features of Solsniper
Solniper is renowned for its real-time token tracking, offering top-notch wallet analytics and quick trade execution. This has made it popular among traders of meme coins on Solana due to its capabilities for operating in high-speed markets.
Future of Solsniper and Phantom's Plans
Phantom confirmed that Solsniper will continue to operate independently, will not be shut down or integrated into its existing app immediately. All existing Solsniper users can continue using the platform, with updates and new features expected in the coming months. This highlights Phantom's intent to preserve the platform's status quo while gradually adding new capabilities.
The acquisition of Solsniper illustrates Phantom's intent to evolve beyond a traditional wallet towards a more comprehensive trading and crypto infrastructure solution.
