Solana NFT Marketplace Solsniper Ceases Operations, Pivots to AI
7 days ago
2 min read
Solana NFT marketplace Solsniper is ceasing its NFT operations after 3.5 years, with an official closure date of June 13, 2025. The platform will delist all NFTs and refund user bids, while preserving leaderboard data. This move reflects a broader slowdown in the NFT market, as Solsniper pivots to focus on AI tools, Telegram bots, and memecoin trading terminals.
Solsniper's Evolution and Pivot
Solsniper began as an analytics tool for NFT traders, evolving into a mobile app, an NFT aggregator, and a marketplace specifically for the Solana blockchain. It became a key resource for data-driven NFT trading within the Solana ecosystem. However, the company cited challenges in maintaining the NFT marketplace sustainably as the primary reason for its shutdown.
Despite ending its NFT-related products, Solsniper is not ceasing operations as a company. It is strategically repositioning itself within the broader crypto landscape. The platform has already launched new products, including a Telegram-based trading bot, a web trading terminal, and an AI trading assistant for memecoin traders. This pivot signals a clear shift towards real-time, community-driven crypto trading tools.
Key Takeaways
Solsniper's NFT marketplace will officially close on June 13, 2025.
All NFTs will be delisted, and user bids will be refunded to wallets.
Leaderboard data will be preserved for potential future community incentive programs.
Solsniper is pivoting away from NFTs to focus on AI tools, Telegram bots, and memecoin trading terminals.
The company is not shutting down entirely, only its NFT-related products.
Broader Market Trends and Impact
Solsniper's exit mirrors a wider trend of contraction in the NFT space. Recent data from DappRadar indicates that NFT trading volumes have declined by 63% since December 2024. This slowdown has also led to the shutdown of other NFT marketplaces, such as Bybit and X2Y2, in April 2025.
While Solsniper's closure is unlikely to impact the core infrastructure of the Solana blockchain, it could lead to a short-term dip in NFT trading volume as power users seek alternative platforms. The volatility of the NFT sector is highlighted by Solsniper's decision, underscoring the necessity for platforms to adapt quickly to market changes to remain relevant.
Sources
Solana NFT Marketplace Solsniper Ends Operations After 3.5 Years, TronWeekly.