Phantom Acquires Solsniper to Deepen Solana Trading Capabilities

Phantom announced that it has acquired Solsniper, a Solana-focused memecoin trading and analytics platform. The wallet provider disclosed the deal through a blog post and X announcement but did not reveal financial terms.

Solsniper specializes in high-speed trading tools for the Solana memecoin market, offering real-time token tracking, wallet analytics, and rapid trade execution. The platform will continue operating independently while its team, including co-founder and CEO Max Zhuang, joins Phantom to integrate their trading expertise.

Phantom co-founder and CEO Brandon Millman said the acquisition would “provide more sophisticated tooling for advanced traders” and represents one of several planned acquisitions to expand the company’s product offerings.

The deal follows Phantom's February acquisition of SimpleHash, a token and NFT data platform. Earlier in 2025, Phantom raised $150 million in a Series C round led by Sequoia Capital and Paradigm, valuing the company at $3 billion.

We see a wide variety of experience levels in crypto today, from new folks to professional traders. This acquisition helps Phantom provide more advanced tools that grow with the user's expertise,

said Joe Wadcan, Phantom's head of corporate development.

Founded in 2021, Solsniper serves traders in the fast-moving memecoin market. Solana memecoin trading saw daily volumes peak above $3 billion on platforms like Pump.fun in January, demonstrating demand for specialized trading tools.

Phantom launched in 2021 as a Solana-exclusive wallet and later added support for Ethereum, Polygon, and Bitcoin. The company has gradually added trading features, including perpetual futures through partnerships like Hyperliquid. The Solsniper acquisition allows Phantom to integrate trading and analytics directly into its wallet interface.