Phantom has acquired Solana trading and analytics platform Solsniper, enhancing its trading capabilities. Although Phantom did not disclose the terms of the deal, Solsniper will continue to operate independently, and its co-founder and CEO Max Zhuang will join Phantom. This acquisition signals Phantom's intent to expand its trading capabilities, especially following the introduction of perpetual futures trading. With the increasing demand for memecoins, Solsniper has provided advanced features for traders, including a Telegram trading bot popular among users. Phantom aims to integrate these tools to retain users who currently utilize external platforms for tracking and trading memecoins. Joe Wadcan, Phantom’s head of corporate development, noted that this acquisition would help provide more advanced tools for a diverse range of crypto users. Furthermore, Brandon Millman, Phantom's co-founder and CEO, indicated that this acquisition is part of a broader strategy to pursue further acquisitions to enhance Phantom's consumer finance offerings.

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