Phantom has bolstered its support for Solana meme coin trading with the acquisition of Solsniper. This strategic move integrates Solsniper’s real-time token analytics and token-sniping capabilities directly into the Phantom ecosystem.
The acquisition signifies Phantom’s ongoing evolution beyond a simple wallet provider towards becoming an infrastructure leader. This direction was previously signaled by a $150 million Series C funding round and the acquisition of SimpleHash to enhance NFT and token data services. The growth of meme coin trading activity on Solana is a key driver behind this strategy.
Solsniper’s technology will allow Phantom users to instantly monitor whale wallets and track new token launches, aiming to significantly improve trading efficiency and decision-making.
Phantom anticipates this integration will attract more users to the Solana ecosystem and contribute to increased market liquidity.