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 will be automatically delisting everyone’s NFTs from Sniper Marketplace, removing bids, and refunding bid/order balances to your wallets.”
The NFT workforce mentioned that it’s going to retain rewards leaderboard information to be used in future incentive applications. “We don’t plan to stop building anytime soon,” it mentioned.
Solsniper first began as an analytics device for NFT merchants, later increasing to a cell app, an NFT aggregator, and an NFT market.
Only NFT Products 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 anyone was confused. We are NOT shutting down as a company, simply shutting down all of our NFT-related products,” he wrote.
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 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 mentioned that it’s shutting down in an effort “to streamline our offerings.”
Shortly earlier than closing, Bybit suffered a serious safety breach, shedding practically $1.5 billion to North Korean hackers. Earlier NFT market exits brought about short-lived dips however didn’t dent total development.
In the meantime, DappRadar information recommended that the buying and selling volumes of NFTs tumbled 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,” DappRadar analyst Sara Gherghelas, mentioned.
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