Phantom Acquires Solsniper, an AI-Powered Meme Coin Trading Platform on Solana.
The deal aims to enhance Token tracking and precise trading capabilities, focusing on product diversification and accelerated development.
- Phantom completes the acquisition of Solsniper, an AI-based meme coin trading platform on Solana.
- Solsniper supports Token tracking, wallet monitoring, and quick reactions in trading.
- Phantom plans to expand products and expects to continue strategic acquisitions.
How Did Phantom Acquire Solsniper and What Are Its Primary Objectives?
Official information shows that Phantom has acquired Solsniper, an on-chain AI-integrated meme coin trading platform on Solana. Phantom emphasizes that Solsniper was built to optimize accuracy and speed, helping traders easily track Tokens and wallets, and quickly respond to market fluctuations.
The acquisition marks a clear transformation of Phantom from a mere storage wallet to a diverse ecosystem of services supporting broader cryptoasset trading and management. This is also a preparation step for development and product expansion plans in the near future.
How Does Phantom Describe Solsniper in Meme Coin Trading?
Solsniper is described as a platform providing accuracy and speed in supporting meme coin traders on Solana. This tool helps users closely monitor Tokens, track wallet movements, and react to new information extremely quickly.
This capability helps traders catch trends and make effective investment decisions in the highly volatile DeFi market. Thus, Solsniper increases competitive advantages for both amateur and professional users in the Solana ecosystem.
Phantom is "not just an electronic wallet, but a comprehensive service platform, supporting efficient trading and rapid development."
Quoted by Phantom representative, August 2023
How Will Solsniper Operate and Develop Under Phantom's Management?
Phantom commits to maintaining Solsniper as an independent service on the web platform. Simultaneously, they will continuously update and add new features to improve user experience and trading capabilities in the coming months.
The strategy of focusing on product development investment and planned strategic acquisitions is expected to help Phantom maintain a leading position in the cryptoasset wallet and trading tool segment, expanding a diverse ecosystem and enhancing value delivery to customers.
Frequently Asked Questions
What is Phantom and Why is the Solsniper Acquisition Important?
Phantom is a cryptoasset wallet on the Solana network. Acquiring Solsniper helps expand services and enhance meme coin trading experience with AI.
How Does Solsniper Support Cryptoasset Traders?
Solsniper helps track Tokens, monitor wallet activities, and quickly react to market fluctuations.
What Are Phantom's Plans After This Acquisition?
Phantom plans to expand product lines, develop additional features, and pursue more strategic acquisitions.
How Will the Solsniper Platform Operate After Joining Phantom?
Solsniper will operate independently on the web, continuing to update new functions to improve user experience.
Is Phantom Still Just a Wallet After This Deal?
No, Phantom is developing into a more comprehensive multi-service ecosystem supporting cryptoasset trading and management.
