The trendy cryptocurrency wallet is putting the stop on rumors about a potential token launch just as it rolls out some exciting new social features.
New features, but no airdrop
Phantom celebrated the warm reception of its new social tools, which let users create profiles, connect with friends, and tweak their privacy settings to be public, private, or even invisible.
Right now, these features are exclusive to the mobile app, but don’t worry, Phantom hinted that they’ll soon be available on its popular Chrome extension too.
The rumor about a possible airdrop started surfacing after Phantom introduced follower and friend features, leading many to speculate that a token launch might be on the horizon in 2025, but Phantom’s latest statement seems to have dashed those hopes for now.
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Expansion
But it’s not all bad news! Alongside these social updates, Phantom announced plans to integrate Sui, a Layer 1 blockchain too, as its fourth supported network.
This means Sui will join the ranks of Bitcoin, Ethereum, and Solana, the blockchain where Phantom first made its mark.
Jameel Khalfan from the Sui Foundation expressed excitement over this partnership.
“We are selective about the blockchains we support, and it’s an honor to be part of this group.”
While there’s no official launch date yet for Sui integration, Phantom teased that it’s coming soon.
We aren’t there yet
This move follows Phantom’s addition of Ethereum Layer 2 network Base, which expanded its blockchain support back in November.
It’s clear that Phantom is on a mission to enhance its platform and cater to a wider audience.
So, while the rumor mill may have been spinning out of control regarding token launches, Phantom is focused on building a robust social experience for its users, one that keeps everyone connected, and maybe at time, who knows, an own token will come.
