Gunderson Dettmer Represented Crypto Wallet Phantom in Solsniper Acquisition
Gunderson Dettmer represented Phantom, a major cryptocurrency wallet, in its acquisition of Solsniper, a Solana-based trading and analytics platform. By acquiring Solsniper, Phantom is taking a significant step toward expanding and deepening its trading capabilities for its users.
Solsniper offers advanced features and tracking tools specifically designed for memecoin traders. As part of this acquisition, Solsniper’s web app will continue to operate as a standalone platform, and Solsniper’s team, led by co-founder and CEO Max Zhuang, will join Phantom.
In the announcement of the acquisition, Phantom head of corporate development Joe Wadcan said, “We see a wide variety of experience levels in crypto today, from new folks to professional traders. This acquisition helps Phantom provide more advanced tools that grow with the user’s expertise. Solsniper has done a great job of building a platform, and we’re excited to bring Phantom’s distribution and infrastructure into the product.”
The Gunderson deal team was led by corporate associate Valerie Wood and included partner Randall Clark and associates Ally Kaleita and Olivia Aulicino, strategic transactions and licensing partner Aliya Sanders and associate David Koenig, executive compensation partner Emily Cabrera, tax partner Jace Clegg and associate Tina Xu, employment and labor associate Jordan Simon and paralegal Helen Cheng.