Phantom, a prominent non-custodial cryptocurrency wallet, has officially denied rumors of an impending token launch or airdrop. Speculation arose following the announcement of their new social discovery feature, leading some community members to anticipate a token reward system. Addressing these rumors, Phantom stated on January 3 via X (formerly Twitter): “We do not have any plans to launch a token.”
The social discovery feature, introduced on December 19, enables users to create profiles, add friends, and select privacy settings ranging from public to invisible. Despite some users suggesting that gaining followers might lead to token rewards, Phantom has clarified that no such plans exist. They emphasized their commitment to enhancing user experience, stating they are “actively working on ways to make it something everyone loves.”
In addition to the social feature, Phantom announced plans to integrate the layer 1 blockchain Sui, marking the fourth blockchain supported by the wallet, alongside Bitcoin, Ethereum, and Solana. This integration is scheduled for early 2025, reflecting Phantom’s ongoing efforts to expand its platform capabilities and provide users with a broader range of blockchain interactions.
Since its inception in 2021, Phantom has experienced significant growth, reporting 7 million monthly active users as of April 2024. Despite facing challenges, such as a recent issue requiring an emergency update for iPhone users, the company continues to innovate and expand its services, reinforcing its position in the competitive crypto wallet market.
