Phantom Explores Solana Meme Coin Market Expansion with Solsniper Acquisition
Main Idea
Phantom enhances Solana meme coin trading capabilities by acquiring Solsniper, aiming to provide real-time analytics and faster decision-making tools for traders.
Key Points
1. Phantom acquired Solsniper to boost Solana meme coin trading, enabling real-time token analytics and token-sniping capabilities.
2. The acquisition aligns with Phantom's strategy to evolve from a wallet provider to an infrastructure powerhouse, driven by the growth of meme coin trading on Solana.
3. Phantom previously raised $150 million in a Series C funding round and acquired SimpleHash to improve NFT and token data services.
4. Solsniper's technology allows Phantom users to monitor whale wallets and new token launches instantly, improving trading efficiency.
5. This move is expected to attract more users to Solana's ecosystem and increase market liquidity.
Description
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