Solsniper, an analytics and trading tool on Solana, announced on June 13 that it is closing its 3.5 years of operation. Also, delisting NFTs and eliminating bids. The platform shut down today at 12 PM PST, as revealed through an X post.  The NFT team mentioned that we will be

• The platform is not going to shut down completely, but will just close its NFT-related products.
• The platform mentioned that it wasn’t able to substantially run the NFT marketplace. 

Solsniper, an analytics and trading tool on Solana, announced on June 13 that it is closing its 3.5 years of operation. Also, delisting NFTs and eliminating bids. The platform shut down today at 12 PM PST, as revealed through an X post. 

The NFT team mentioned that we will be delisting everyone’s NFTs from Sniper Marketplace, eliminating bids, and refunding bid/order balances to your wallets. Further, the team noted that it will still keep rewards leaderboard data for use in incentive programs in the future. 

And, it doesn’t have a plan to stop creating anytime soon. Firstly, Solsnipper acted as an analytics tool for NFT traders, then it launched as a mobile app, an NFT aggregator, and an NFT marketplace. 

What Did The CEO Inform? 

The Chief Executive Officer and founder of Solsniper informed in a follow-up post that the platform is not going to shut down completely, in case anyone was confused. We are just closing our NFT-related products. 

The platform also mentioned that it wasn’t able to substantially run the NFT marketplace, and assured users that any refund would return to their wallet. The CEO also announced that the platform has so far launched a Telegram trading bot. 

Apart from this, a web trading terminal and an AI trading assistant for memecoins have also been introduced. The closure will not shake the core of the platform but will cause a short-term NFT trading volume dip, since power users scramble for alternatives. 

Two months ago, two prominent NFT marketplaces, Bybit and X2Y2, publicized that they are closing, citing a decline in NFT interests and trading volume. Bybit asserted that it is closing to streamline its offerings. 

Just before shutting down, Bybit witnessed a major loss of around $1.5 billion to North Korean hackers. The last NFT marketplace closure led to short-lived dips but didn’t impact the overall growth. 

At the same time, the data from DappRadar revealed that the trading volumes of NFTs dipped 63% since December 2024. The analyst of the platform, Sara Gherghelas, mentioned that as NFTs had been indicating a comeback in the past few months, the momentum has degraded since the beginning of the year. 

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