The Solsniper platform, operating within the Solana ecosystem, is shutting down its NFT marketplace. The project team announced the closure on June 12 through its official account on social media platform X.
The service had been active for three and a half years, initially launched as an analytics tool for NFT traders before evolving into a full-fledged ecosystem with a mobile app, aggregator, and launchpad.
Automatic Asset Returns
According to the statement, access to the marketplace has been disabled as of today. All user tokens will be automatically delisted, orders will be canceled, and funds will be returned to users’ wallets. The team noted that no action is required from users, and asset returns are expected to be completed by June 13, 2025, at 12:00 PM Pacific Time. In case of any issues, users are advised to open a support ticket in the project’s Discord.
Rewards Program Will Continue
Participants in the Solsniper rewards program will not lose their progress. All data will be preserved and factored into the project’s future initiatives. The team thanked the community and emphasized that development efforts are not being halted.
Overall Market Decline
The shutdown of the Solsniper Marketplace is not an isolated case. In April and May 2025, X2Y2 and Reservoir also announced closures. Previously, similar decisions were made by Kraken, RTFKT, and LG Art Lab, all winding down their NFT initiatives. According to analysts, Solsniper’s exit confirms an ongoing trend: interest in NFT trading continues to fade.
Public data shows that activity in the NFT market has dropped by over 95% compared to the peak levels of 2021–2022. New collections are barely selling, and major investors and studios are shifting their focus toward other sectors, including gaming, memecoins, and infrastructure.
Expansion Into Other Areas
In October 2024, Solsniper introduced a trading bot called SniperX, which allows users to trade memecoins directly within the X platform. According to the developers, they plan to continue operating in new segments despite the closure of their NFT service.
This post is for informational purposes only and is not an ad or investment advice. Please do your own research making any decisions.