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Solana non-fungible token (NFT) marketplace Solsniper announced on Friday that it will be ceasing operations after 3.5 years, which includes the delisting of NFTs and the removal of bids.
The platform is set to close on June 13, 2025, at 12 PM PST, as indicated in a post on X.
“We will be automatically delisting everyone’s NFTs from Sniper Marketplace, removing bids, and refunding bid/order balances to your wallets.”
We appreciate everyone for the past 3.5 years. We initiated Solsniper as an analytics tool for NFT traders and over time we have developed a mobile app, an NFT aggregator, as well as an NFT marketplace and launchpad.
Regrettably, over the past year we have not been able to…— Solsniper (@solsniperxyz) June 12, 2025
The NFT team stated that it will keep rewards leaderboard data for future incentive programs. “We don’t plan to stop building anytime soon,” they mentioned.
Solsniper originally began as an analytics tool for NFT traders, subsequently evolving into a mobile app, an NFT aggregator, and an NFT marketplace.
Only NFT Products Are Shutting Down: Solsniper Clarifies
In a subsequent post, the platform’s CEO and founder clarified to users that the company itself is not entirely shutting down.
“In case anyone was confused. We are NOT shutting down as a company, simply shutting down all of our NFT-related products,” he stated.
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In case anyone was confused. We are NOT shutting down as a company simply shutting down all of our NFT related products.
This past year we’ve launched a telegram trading bot, web trading terminal, and our latest release is an AI trading assistant for memecoins.
If you’re a fan… https://t.co/KLx7AaisiX— Maz (@maz_so1) June 13, 2025
Solsniper acknowledged that it was unable to “sustainably run” the NFT marketplace, assuring users that any refunds would be returned to their wallets.
Additionally, the CEO emphasized that Solsniper has already introduced a Telegram trading bot, web trading terminal, and AI trading assistant for memecoins.
The shutdown is not expected to significantly impact Solana’s core, but may lead to a temporary decline in NFT trading volume as active users seek alternatives.
NFT Trading Volumes Decline
In April, two prominent NFT marketplaces – Bybit and X2Y2 – announced their closures, citing a decrease in interest and trading volume for NFTs. Bybit stated that it is shutting down to “streamline our offerings.”
Shortly before its closure, Bybit experienced a significant security breach, resulting in a loss of nearly $1.5 billion to North Korean hackers. Previous exits from NFT marketplaces have caused brief dips but did not hinder overall growth.
Meanwhile, DappRadar data indicated that NFT trading volumes have plummeted by 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,” remarked DappRadar analyst Sara Gherghelas.
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