Phantom Dismisses Airdrop Rumors

Crypto wallet Phantom dispelled rumors of an incoming airdrop in a message posted to its X account on Friday. Some users speculated that the platform’s recent launch of social features could lead to a token launch.

> “We do not have any plans to launch a token,” Phantom stated on X, while also celebrating the positive response to its social features.

Phantom introduced new social features in December, enabling users to create a profile, add friends, and select from three profile privacy levels: public, private, and invisible. Currently, usernames are only supported on Phantom’s mobile app, and not on its popular Chrome extension, though support for the extension is teased to arrive soon.

While some users had hoped that following others or gaining followers might result in an airdrop, recent announcements have dashed those expectations. Analysts have speculated about a possible token drop in 2025, but current statements suggest otherwise.

Integration with Sui

In addition to addressing airdrop rumors, Phantom announced plans to integrate the Layer 1 blockchain network Sui, marking it as its fourth L1 alongside Bitcoin, Ethereum, and Solana, the original blockchain for Phantom.

> “Phantom Wallet is selective about which chains it supports, and we are proud to now be included among this notable group,” said Sui Foundation’s global head of ecosystem, Jameel Khalfan.

While an official launch date for the Sui integration remains unannounced, Phantom has hinted that the feature is coming “soon” on its X account. The last new network added was Ethereum Layer 2 network Base in November.