diff --git a/src/modules/indexer/price-snapshot-writer.ts b/src/modules/indexer/price-snapshot-writer.ts
new file mode 100644
index 00000000..3feabd37
--- /dev/null
+++ b/src/modules/indexer/price-snapshot-writer.ts
@@ -0,0 +1,82 @@
+// src/modules/indexer/price-snapshot-writer.ts
+// Price snapshot writer that skips the write when the price is unchanged
+// from the most recent stored snapshot for that creator (#763).
+//
+// Recording a snapshot whose price equals the previous one wastes storage
+// and adds flat, redundant points to the price history chart. This writer
+// compares the incoming price against the latest CreatorPriceHistory row
+// and only inserts when the price actually moved. The first snapshot for a
+// creator is always written because there is nothing to compare against.
+//
+// Note: the per-trade indexer path (upsertPriceSnapshot) intentionally keeps
+// recording every trade, including unchanged prices, because the full-window
+// trade TWAP depends on it (#880). Use this writer for periodic/sampled
+// snapshots, not for the trade log.
+
+import { prisma } from '../../utils/prisma.utils';
+import { logger } from '../../utils/logger.utils';
+
+export type PriceSnapshotWriteResult =
+   | { written: true; reason: 'first' | 'changed' }
+   | { written: false; reason: 'unchanged' };
+
+export type PriceSnapshotWriterDeps = {
+   /** Returns the most recent stored snapshot for the creator, or null. */
+   findLatest: (creatorId: string) => Promise<{ price: bigint } | null>;
+   /** Persists a new snapshot row for the creator. */
+   create: (creatorId: string, price: bigint) => Promise<unknown>;
+};
+
+const defaultDeps: PriceSnapshotWriterDeps = {
+   findLatest: (creatorId) =>
+      prisma.creatorPriceHistory.findFirst({
+         where: { creatorId },
+         orderBy: { recordedAt: 'desc' },
+         select: { price: true },
+      }),
+   create: (creatorId, price) =>
+      prisma.creatorPriceHistory.create({
+         data: { creatorId, price },
+      }),
+};
+
+/**
+ * Writes a price snapshot for a creator unless the price is unchanged from
+ * the most recent stored snapshot.
+ *
+ * - No previous snapshot: always written (`reason: 'first'`).
+ * - Price differs from the previous snapshot: written (`reason: 'changed'`).
+ * - Price equals the previous snapshot: skipped, no database write
+ *   (`reason: 'unchanged'`).
+ */
+export async function writePriceSnapshot(
+   creatorId: string,
+   price: bigint,
+   deps?: Partial<PriceSnapshotWriterDeps>
+): Promise<PriceSnapshotWriteResult> {
+   const findLatest = deps?.findLatest ?? defaultDeps.findLatest;
+   const create = deps?.create ?? defaultDeps.create;
+
+   const latest = await findLatest(creatorId);
+
+   if (latest && latest.price === price) {
+      logger.debug(
+         { creator_id: creatorId, price: price.toString() },
+         'price-snapshot-writer: skipped (price unchanged)'
+      );
+      return { written: false, reason: 'unchanged' };
+   }
+
+   await create(creatorId, price);
+
+   const reason = latest ? 'changed' : 'first';
+   logger.debug(
+      {
+         creator_id: creatorId,
+         new_price: price.toString(),
+         previous_price: latest ? latest.price.toString() : null,
+      },
+      `price-snapshot-writer: written (${reason})`
+   );
+   return { written: true, reason };
+}
diff --git a/src/modules/indexer/price-snapshot-writer.unit.test.ts b/src/modules/indexer/price-snapshot-writer.unit.test.ts
new file mode 100644
index 00000000..101ce69f
--- /dev/null
+++ b/src/modules/indexer/price-snapshot-writer.unit.test.ts
@@ -0,0 +1,115 @@
+// src/modules/indexer/price-snapshot-writer.unit.test.ts
+// Unit tests for #763: the price snapshot writer skips the write when the
+// new price equals the most recent stored snapshot for that creator.
+//
+// Uses jest mocks; no database required.
+
+jest.mock('../../utils/prisma.utils', () => ({
+   prisma: {
+      creatorPriceHistory: {
+         findFirst: jest.fn(),
+         create: jest.fn(),
+      },
+   },
+}));
+
+jest.mock('../../utils/logger.utils', () => ({
+   logger: {
+      debug: jest.fn(),
+      error: jest.fn(),
+      warn: jest.fn(),
+      info: jest.fn(),
+   },
+}));
+
+import { prisma } from '../../utils/prisma.utils';
+import { writePriceSnapshot } from './price-snapshot-writer';
+
+const mockPrisma = prisma as unknown as {
+   creatorPriceHistory: {
+      findFirst: jest.Mock;
+      create: jest.Mock;
+   };
+};
+
+const CREATOR_ID = 'creator-763';
+
+describe('#763 price snapshot writer', () => {
+   beforeEach(() => {
+      jest.clearAllMocks();
+      mockPrisma.creatorPriceHistory.findFirst.mockReset();
+      mockPrisma.creatorPriceHistory.create.mockReset();
+      mockPrisma.creatorPriceHistory.create.mockResolvedValue({ id: 'row' });
+   });
+
+   it('reads the most recent snapshot for the creator', async () => {
+      mockPrisma.creatorPriceHistory.findFirst.mockResolvedValue(null);
+
+      await writePriceSnapshot(CREATOR_ID, BigInt(1_000_000));
+
+      expect(mockPrisma.creatorPriceHistory.findFirst).toHaveBeenCalledWith({
+         where: { creatorId: CREATOR_ID },
+         orderBy: { recordedAt: 'desc' },
+         select: { price: true },
+      });
+   });
+
+   it('skips the database write when the price is unchanged', async () => {
+      mockPrisma.creatorPriceHistory.findFirst.mockResolvedValue({
+         price: BigInt(1_000_000),
+      });
+
+      const result = await writePriceSnapshot(CREATOR_ID, BigInt(1_000_000));
+
+      expect(mockPrisma.creatorPriceHistory.create).not.toHaveBeenCalled();
+      expect(result).toEqual({ written: false, reason: 'unchanged' });
+   });
+
+   it('writes when the price differs from the previous snapshot', async () => {
+      mockPrisma.creatorPriceHistory.findFirst.mockResolvedValue({
+         price: BigInt(1_000_000),
+      });
+
+      const result = await writePriceSnapshot(CREATOR_ID, BigInt(1_100_000));
+
+      expect(mockPrisma.creatorPriceHistory.create).toHaveBeenCalledTimes(1);
+      expect(mockPrisma.creatorPriceHistory.create).toHaveBeenCalledWith({
+         data: { creatorId: CREATOR_ID, price: BigInt(1_100_000) },
+      });
+      expect(result).toEqual({ written: true, reason: 'changed' });
+   });
+
+   it('always writes the first snapshot for a creator', async () => {
+      mockPrisma.creatorPriceHistory.findFirst.mockResolvedValue(null);
+
+      const result = await writePriceSnapshot(CREATOR_ID, BigInt(1_000_000));
+
+      expect(mockPrisma.creatorPriceHistory.create).toHaveBeenCalledTimes(1);
+      expect(mockPrisma.creatorPriceHistory.create).toHaveBeenCalledWith({
+         data: { creatorId: CREATOR_ID, price: BigInt(1_000_000) },
+      });
+      expect(result).toEqual({ written: true, reason: 'first' });
+   });
+
+   it('uses injected dependencies when provided', async () => {
+      const findLatest = jest.fn().mockResolvedValue({ price: BigInt(5) });
+      const create = jest.fn().mockResolvedValue(undefined);
+
+      const unchanged = await writePriceSnapshot(CREATOR_ID, BigInt(5), {
+         findLatest,
+         create,
+      });
+      const changed = await writePriceSnapshot(CREATOR_ID, BigInt(6), {
+         findLatest,
+         create,
+      });
+
+      expect(findLatest).toHaveBeenCalledWith(CREATOR_ID);
+      expect(create).toHaveBeenCalledTimes(1);
+      expect(create).toHaveBeenCalledWith(CREATOR_ID, BigInt(6));
+      expect(unchanged).toEqual({ written: false, reason: 'unchanged' });
+      expect(changed).toEqual({ written: true, reason: 'changed' });
+      expect(mockPrisma.creatorPriceHistory.findFirst).not.toHaveBeenCalled();
+      expect(mockPrisma.creatorPriceHistory.create).not.toHaveBeenCalled();
+   });
+});