In a major turn of events for the Solana NFT ecosystem, Solsniper, a prominent NFT marketplace and analytics platform, made a shocking announcement on Friday: they are shutting down.
After about three years of construction and several months of operation, the team behind Solsniper said they can no longer sustainably run the platform and will be eliminating access to their NFT marketplace as of Friday. The announcement sent ripples through the Solana NFT community, largely because few people saw it coming.
Solsniper set out 3.5 years ago to become a data and analytics tool for active NFT traders on Solana. The platform, however, has expanded quite a bit since then and now also offers a mobile application, serves as an NFT aggregator, and has a launchpad for new projects. And, Solsniper has an actual NFT marketplace, which it calls “full-fledged.” That said, the team and I are really excited for the next chapter of their story as Solsniper has increasingly found it difficult to sustain the marketplace operationally.
“We were unable to run the NFT marketplace in a sustainable way,” the Solsniper team said in a statement. “We’re closing this chapter, but we are still on our journey.”
Marketplace Shutdown, NFT Delisting, and User Refunds
Solsniper is doing several things as part of the shutdown process to make sure the transition for its users goes smoothly.
Effective immediately, any NFTs listed on the Sniper Marketplace will be delisted, and any active bids will be canceled.
Thank you everyone for the last 3.5 years. We started Solsniper as an analytics tool for NFT traders and over the years we’ve built a mobile app, an NFT aggregator, as well as an NFT marketplace and launchpad.
Unfortunately over the last year we have not been able to…
— Solsniper (@solsniperxyz) June 12, 2025
Order and bid balances will be refunded directly to users’ wallets.
Based on the platform’s announcement, there is no need for users to do anything. Solsniper provided the community with a continued assurance that all assets will be returned by June 13, 2025, at 12 PM PST, and that any issues arising afterward should be dealt with via support ticket in their Discord server.
Many in the community regard this proactive approach to shutting down as a responsible, user-focused exit. In an industry where sudden closures often lead to lost assets or incomplete processes, Solsniper’s effort to ensure full refunds for users and a clear, transparent timeline has earned them praise—even in the midst of disappointment.
The group further noted that they have kept the data of users who took part in their rewards leaderboard, and this may be used in any future reward programs the company decides to create.
A Thank You to the NFT Community and Hints at Future Projects
The end of the Solsniper marketplace marks the closing of a chapter, but the Solsniper team is not leaving the Web3 space altogether. In their farewell message, they extolled gratitude toward the NFT community for building and supporting their platform, saying, “Without NFTs, we wouldn’t be here today.”
The team expressed gratitude to their users, “We’re grateful for your trust and support over the years. We don’t plan to stop building anytime soon and hope that you’ll continue to support us in future endeavors.”
While not specifying what might come next, the message indicates that the Solsniper team plans to keep working in the still-broad blockchain or decentralized application space. If their next project is in that realm, they’ll be able to apply the lessons (or whatever they dream up to call them) from this chapter of their collaboration.
Solsniper shutting down again reminds us how manageable yet volatile the NFT and Web3 space is. Even with innovation and growth apparent in the NFT space on Solana, operational sustainability is clearly a hurdle that a not-yet-overcome assembly of Solana NFT teams faces. Solsniper had community ties and was an apparently technically advanced platform; why was it unable to achieve the same kind of sustainable operational success that Magic Eden and Hey, NFT !? have?
Solsniper’s cautionary tale will likely be remembered in the maturing Solana ecosystem for two reasons: It shows the not very distant downside of the financial strains of Web3 startups, and it can be seen as a testament to what responsible project management looks like in the often unpredictable world of Web3.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news!
