Solsniper announced that it had immediately announced its closure of the NFT market. The company cited its inability to operate its platform sustainably over the past year.
The company will automatically delist all NFTs from Sniper Marketplace, remove existing bids, and refund bids and order balances to the user wallet by 12pm on PST until June 13, 2025. The process is processed automatically, so the user does not need any actions. However, a support ticket can be submitted through Discord for any issues that may arise.
The platform began as an analytics tool for NFT traders and has included mobile applications, NFT aggregators, marketplaces and launchpads for over five years. Despite creating a comprehensive NFT ecosystem, market conditions and operational challenges made the market financially unsustainable and forced the difficult decision to discontinue NFT-related services.
Thank you to all of you for the past 3.5 years. Solsniper has started as an analytics tool for NFT traders and has been building mobile apps, NFT aggregators, NFT marketplaces and launchpads over the years.
Unfortunately, I couldn’t do it last year…
– Solsniper (@solsniperxyz) June 12, 2025
Pivoting from NFT to crypto trading
Founder Maz revealed that Solsniper is not shut down as a company, but has stopped all NFT-related products to focus on new opportunities in cryptocurrency trading technology. As the NFT market has contracted since the peak of 2021-2022, pivots have occurred and the demand for trading automation tools is increasing among cryptocurrency traders in search of efficiency and speed.
The company has already launched several new products, including the Telegram Trading Bot, the Web Trading Terminal, and the AI trading assistant designed specifically for Memecoin Trading. These tools are aimed at active trading communities that require rapid execution and market analysis capabilities. These are areas where Solsniper’s technical expertise in analytical and user interface design can be effectively applied.
Solsniper’s pivot from NFTS shows a wider trend
Solsniper’s pivot from NFTS is consistent with wider market trends in the volume of transactions and decline in user activity across the digital collectible market. Platforms dedicated to NFTs struggle with floating around in general as speculative enthusiasts subside and utility-facilitating use cases have failed to scale.
The company is signaling plans to save users’ progress from Rewards Leaderboard and incorporate it into future incentive programs. The team expressed their gratitude to their supporters, highlighting that community contributions played an important role in shaping the platform’s journey. When forking into a new product line, Solsniper appears to be committed to maintaining a strong connection with its user base.
The development of trading bots is becoming increasingly common as the cryptocurrency market is open 24/7 and price fluctuations can occur rapidly in various exchanges. Automated trading software allows users to take advantage of the opportunity without being constantly glued to the market. It offers a viable business model in addition to subscription payments and transaction pricing.
Related: Apecoin: Yuga Labs wants to replace Dao with a new “Apeco” to focus on Bayc and other sides
Disclaimer: The information contained in this article is for information and educational purposes only. This article does not constitute any kind of financial advice or advice. Coin Edition is not liable for any losses that arise as a result of your use of the content, products or services mentioned. We encourage readers to take caution before taking any actions related to the company.
