Sniper

Sniper (sniper.xyz) is an AI-powered trading terminal and NFT marketplace built exclusively for the Solana blockchain, combining real-time memecoin discovery, a Central Limit Orderbook (CLOB) NFT exchange, and an automated Telegram trading bot into a single platform. In August 2025, Phantom wallet acquired Sniper as part of its push to become a consumer-finance super-app; the standalone product continues to operate at sniper.xyz alongside its integration into Phantom's broader suite.

Origins and Background

Sniper launched in December 2021 under the name Sol Sniper, positioning itself as a specialist trading and analytics layer for Solana NFTs at a time when the ecosystem lacked institutional-grade order-management tools. The project raised approximately $6 million in early funding from Infinity Ventures Crypto (leading a $5 million round), Foresight Ventures, and FTX Ventures. Over the following two years it expanded from NFT-specific tooling into a broader multi-asset trading terminal, rebranding to Sniper and sniper.xyz as its scope widened to cover Solana tokens and memecoins alongside NFTs. The core team numbered six people, covering engineering, product, creative, and marketing functions.

Token Trading Terminal

The web trading terminal is built around MemeScope, a live feed that ingests on-chain Solana data and categorizes tokens by lifecycle stage: New LIVE (freshly deployed), Migrating LIVE (tokens bridging between liquidity pools or programs), and Migrated LIVE (fully settled). Each token card surfaces volume, market cap, price change, and age at a glance, letting traders triage opportunities without switching between block explorers or aggregator dashboards.

From MemeScope, users can execute trades directly through a connected non-custodial wallet (Phantom, Ledger, or WalletConnect). Trade parameters include SOL amount, slippage tolerance, priority fees, MEV protection toggles, and stop-loss/take-profit levels. Because funds remain in the user's wallet until a transaction is signed and broadcast, custody never transfers to Sniper.

A paper-trading mode lets users simulate positions without committing real capital, useful for testing strategies against live market data before going live.

QuantGPT AI Assistant

QuantGPT is Sniper's embedded AI trading assistant. Rather than requiring users to leave the terminal for independent token research, QuantGPT accepts natural-language queries and returns context on specific tokens, market conditions, or risk signals. The feature is positioned as an on-demand analyst layer that supplements real-time price data with qualitative interpretation.

Telegram Bot

Sniper's Telegram bot extends the terminal to mobile and messaging contexts. Key capabilities include AFK Copy Trade, which mirrors trades from designated wallets automatically while the user is away from the screen, and Twitter Monitor & Sniper, which watches configured social accounts for contract address mentions and can front-run or follow announced token launches. Users configure fees, slippage, and rug-check thresholds inside the bot's settings interface. This Telegram integration appeals to traders who operate across multiple devices or want automated execution without maintaining an open browser session.

NFT Marketplace

The NFT marketplace uses a Central Limit Orderbook model, allowing traders to place explicit buy-limit and sell-limit orders that are matched on a first-come-first-served basis. This design enables tighter bid-ask spreads and programmable arbitrage across the aggregated listing feed, which pulls live inventory from Magic Eden, Tensorswap, OKX, and Hadeswap. Sniper was the first Solana NFT platform to offer TradingView-style candlestick charts for individual collections, bringing a familiar charting paradigm to an asset class that had previously relied on floor-price tables.

A notable differentiator for the NFT side is Token22 support. Sniper is recognized as the only Solana NFT marketplace to allow payment via SPL tokens beyond native SOL, including USDC and ISC, using the Token-2022 program standard. This broadens the range of participants who can trade without needing to swap into SOL first.

Additional NFT tools include collection screeners, market-overview dashboards, price alerts, watchlists, and a mobile app. The SniperPro Discord bot, which previously delivered collection feed alerts and charts into Discord servers, has since been discontinued.

Portfolio and Analytics Layer

Across both token and NFT verticals, Sniper provides Holdings and Watchlist views that consolidate positions and monitored assets into a single dashboard. Wallet trackers and Telegram call trackers log activity from wallets or influential accounts the user follows, while Caller Scan surfaces the performance history of specific callers to help assess signal quality. PNL share cards generate exportable position summaries for social sharing.

On-Chain Program

Sniper's core smart contract is deployed on Solana Mainnet at address SNPRohhBurQwrpwAptw1QYtpFdfEKitr4WSJ125cN1g, classified as a Trading Terminal product supporting the SPL asset standard.

Phantom Acquisition (August 2025)

Phantom acquired Sniper in August 2025 in a deal whose financial terms were not publicly disclosed. It was Phantom's fourth acquisition in roughly 16 months, following a strategic pivot away from pure-wallet identity toward a consumer-finance platform vision. Phantom began integrating Sniper's watchlist and on-chain trading features directly into its wallet interface, while the sniper.xyz web terminal continues to operate as a standalone product with ongoing feature development. The integration is branded as Phantom.Trade within the Phantom app.

Ecosystem Position

Sniper occupies a distinctive position in the Solana trading stack by serving both the high-frequency memecoin market and the more structured NFT trading market through a unified interface. Its multi-marketplace aggregation prevents liquidity fragmentation for NFT traders, while the AI and automation features (QuantGPT, AFK Copy Trade, Twitter Monitor) target users who want programmatic assistance rather than manual execution. The Phantom acquisition substantially expands its distribution, giving sniper.xyz capabilities access to one of Solana's largest retail wallet user bases.