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Phantom, the most widely used wallet in the Solana ecosystem, has taken a major step toward expanding its role beyond storage and swaps by acquiring Solsniper — a rising star in Solana-based trading tools. Known for its speed and advanced tracking features, Solsniper has become the go-to platform for traders chasing meme coins and rapid market movements.
Phantom shared the news through its official X account, calling Solsniper “one of the fastest, most advanced trading platforms on Solana.” The wallet provider aims to enhance its infrastructure for active traders, particularly in the fast-moving Solana token ecosystem.
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.
