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SOL-Based NFT marketplace Solsniper has officially announced the shutdown of its core NFT marketplace products, marking the end of a 3.5-year run that saw the platform evolve from a basic analytics tool into a full-featured trading hub for NFT enthusiasts on the Solana blockchain.
The announcement, posted Friday on the platform’s official X (formerly Twitter) account, confirmed that the SOL-Based NFT marketplace will delist all NFT listings, remove existing bids, and refund balances to user wallets before shutting down completely on June 13, 2025, at 12 PM PST.
In a follow-up post, Solsniper’s founder clarified the shutdown, stating:
“We are NOT shutting down as a company, simply shutting down all of our NFT-related products.”
That statement eased concerns within the SOL-Based NFT community that Solsniper was disappearing entirely. Instead, the company is pivoting toward alternative products including a Telegram trading bot, a web-based trading terminal, and an AI-powered memecoin assistant, indicating that its focus is shifting to other fast-growing corners of the crypto economy.
For Solana-based collectors and traders, the news is more than symbolic. Solsniper was one of the most trusted SOL-Based NFT platforms, known for features like real-time sniping tools, price analytics, and a unique rewards leaderboard.
While Solsniper has promised to retain that leaderboard data for future incentive programs, many of its loyal users are now scrambling to find comparable alternatives for their NFT trading needs on the Solana blockchain.
“Solsniper was one of the first tools I used when I started flipping NFTs on Solana,” said @VerseTrades, a veteran NFT trader on X. “Sad to see them go, but the market’s evolving fast.”
Solsniper’s move mirrors a broader trend. In April 2025, two major NFT platforms—Bybit and X2Y2—also announced shutdowns, citing reduced trading activity and a noticeable cooling in community interest.
Bybit’s exit followed a reported $1.5 billion hack by North Korean-linked actors, dealing a reputational blow just before announcing the platform’s closure.
According to DappRadar, NFT trading volumes have dropped 63% since December 2024.
“While NFTs had been showing signs of a comeback in recent months, their momentum has slowed since the start of the year,” said Sara Gherghelas, analyst at DappRadar.
This market contraction has created immense pressure on SOL-Based NFT platforms to diversify, automate, or pivot—exactly what Solsniper appears to be doing.
Even as the SOL-Based NFT space contracts, platforms like Solsniper are doubling down on utility and automation.
By focusing on memecoin trading bots, real-time terminals, and AI, Solsniper is likely betting on the growth of micro-trading and hyper-engaged DeFi users on Solana.
“This isn’t the end—it’s a strategic rebirth,” noted Jason Chai, a DeFi product strategist. “SOL-Based NFT platforms must evolve or be left behind. Solsniper’s pivot could actually help them survive the bear.”
While the immediate effect might be a dip in Solana NFT trading volume, the longer-term trend suggests a more consolidated, smarter, and utility-focused SOL-Based NFT ecosystem.
As the SOL-Based NFT market matures, closures like Solsniper’s don’t necessarily spell doom. Instead, they highlight a shift from speculation toward structure, where fewer platforms provide more robust services.
Solsniper’s departure from NFT listings may cause short-term disruption, but its continued presence in the Solana ecosystem signals that SOL-Based NFT development isn’t slowing—just refocusing.
The shutdown of Solsniper’s marketplace is not the end—it’s a turning point for the SOL-Based NFT landscape. As innovation reshapes the sector, power players like Solsniper are reimagining their roles beyond static marketplaces.
The SOL-Based NFT scene is evolving fast, and those who adapt will thrive. Expect more waves of transformation across the SOL-Based NFT ecosystem.
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