Phantom Wallet, a leading non-custodial wallet for the Solana ecosystem, has officially denied rumours regarding a potential token airdrop linked to its upcoming social discovery feature. In a recent post on X, the company clarified that it has no plans to launch a governance token or conduct an airdrop. Instead, Phantom is focused on enhancing user experience through its new social functionalities.

The social discovery feature, announced on December 19, 2024, allows users to create profiles, connect with friends, and customize privacy settings. This initiative aims to make crypto interactions more personal and user-friendly, enabling users to discover new tokens and decentralized applications more efficiently.

Source: https://x.com/phantom/status/1875247758271189413 

Despite the excitement surrounding the rumoured airdrop, Phantom emphasized its commitment to improving its platform rather than pursuing speculative token launches. The wallet also plans to integrate the Sui blockchain into its services early in 2025, further expanding its ecosystem.

With over 7 million monthly active users, Phantom remains dedicated to providing a secure and reliable wallet experience while fostering community engagement. The company’s decision not to pursue a token launch highlights its focus on core strengths and innovation in the crypto space.