Solsniper Shuts NFT Products Amid Market Decline

Solana non-fungible token (NFT) marketplace Solsniper announced that it is shutting down its NFT-related products, including delisting NFTs and removing bids. The platform will close on June 13, 2025, at 12 PM PST. The NFT team stated that it will retain rewards leaderboard data for use in future incentive programs, and that it does not plan to stop building anytime soon. Solsniper first started as an analytics tool for NFT traders, later expanding to a mobile app, an NFT aggregator, and an NFT marketplace.

In a follow-up post, the platform's CEO and founder clarified to users that the platform isn’t wholly shutting down. "We are NOT shutting down as a company, simply shutting down all of our NFT-related products," he wrote. The CEO further touted that Solsniper has already launched a Telegram trading bot, web trading terminal, and AI trading assistant for memecoins. The shutdown is unlikely to shake Solana’s core, but may cause a short-term NFT trading volume dip, as power users scramble for alternatives.

Solsniper noted that it failed to “sustainably run” the NFT marketplace, assuring users that any refund would return to their wallet. The platform's decision to shut down its NFT-related products comes as the NFT market has seen a decline in interest and trading volume. In April, two major NFT marketplaces – Bybit and X2Y2 – announced that they are shutting down, citing a decline in NFT interests and trading volume. Bybit said that it is shutting down in an effort “to streamline our offerings.”