Solana wallet provider Phantom is stepping up its game, moving beyond storage and into the heart of meme coin trading.
The company has snapped up Solsniper, a lightning-fast analytics and token-sniping platform known for its precision in Solana’s unpredictable meme coin markets.
Rather than folding the platform into its main app, Phantom plans to let Solsniper operate independently for now. The goal? Keep the existing user base intact while gradually layering in new features.
Solsniper’s appeal lies in its speed. Traders use it to spot fresh token launches, monitor whale wallets, and act within seconds—a crucial edge in markets driven by hype and volatility.
Phantom, long the go-to wallet for Solana users, has been steadily evolving. After raising $150 million in a Series C led by Sequoia and Paradigm, the company hinted at broader ambitions. This latest buyout follows its earlier acquisition of SimpleHash, a move aimed at bolstering NFT and token data support.
Now it’s clear: Phantom wants to become more than a wallet. With meme coin trading showing explosive potential—especially after platforms like Pump.fun fueled billions in daily volume earlier this year—the company is positioning itself as an infrastructure powerhouse built for speed and scale.
Traders aren’t just holding assets anymore. They’re tracking, reacting, and competing in real-time. Phantom is building the tools to meet them there.
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Source: https://coindoo.com/phantom-targets-solana-meme-coin-surge-with-solsniper-acquisition/