Solana non-fungible token (NFT) market Solsniper introduced Friday that it’s shutting down its 3.5 years of operation, together with delisting NFTs and eradicating bids.
The platform will shut on June 13, 2025, at 12 PM PST, the submit on X, famous.
“We shall be routinely delisting everybody’s NFTs from Sniper Market, eradicating bids, and refunding bid/order balances to your wallets.”
Thanks everybody for the final 3.5 years. We began Solsniper as an analytics instrument for NFT merchants and through the years we've constructed a cellular app, an NFT aggregator, in addition to an NFT market and launchpad.
Sadly over the past 12 months we’ve not been capable of…— Solsniper (@solsniperxyz) June 12, 2025
The NFT group stated that it’s going to retain rewards leaderboard knowledge to be used in future incentive packages. “We don’t plan to cease constructing anytime quickly,” it stated.
Solsniper first began as an analytics instrument for NFT merchants, later increasing to a cellular app, an NFT aggregator, and an NFT market.
Solely NFT Merchandise Are Shutting Down: Solsniper Clarifies
In a follow-up submit, the platform CEO and founder clarified to customers that the platform isn’t wholly shutting down.
“In case anybody was confused. We’re NOT shutting down as an organization, merely shutting down all of our NFT-related merchandise,” he wrote.
In case anybody was confused. We’re NOT shutting down as an organization merely shutting down all of our NFT associated merchandise.
This previous 12 months we've launched a telegram buying and selling bot, net buying and selling terminal, and our newest launch is an AI buying and selling assistant for memecoins.
In case you're a fan… https://t.co/KLx7AaisiX— Maz (@maz_so1) June 13, 2025
Solsniper famous that it didn’t “sustainably run” the NFT market, assuring customers that any refund would return to their pockets.
In addition to, the CEO additional touted that Solsniper has already launched a Telegram buying and selling bot, net buying and selling terminal, and AI buying and selling assistant for memecoins.
The shutdown is unlikely to shake Solana’s core, however trigger a short-term NFT buying and selling quantity dip, since energy customers scramble for alternate options.
NFT Buying and selling Volumes Decline
In April, two main NFT marketplaces – Bybit and X2Y2 – introduced that they’re shutting down, citing a decline in NFT pursuits and buying and selling quantity. Bybit stated that it’s shutting down in an effort “to streamline our choices.”
Shortly earlier than closing, Bybit suffered a significant safety breach, shedding practically $1.5 billion to North Korean hackers. Earlier NFT market exits induced short-lived dips however didn’t dent general development.
In the meantime, DappRadar knowledge instructed that the buying and selling volumes of NFTs tumbled 63% since December 2024.
“Whereas NFTs had been exhibiting indicators of a comeback in current months, their momentum has slowed for the reason that begin of the 12 months,” DappRadar analyst Sara Gherghelas, stated.
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