Yigit Taha OZTURK 
Phantom digital asset wallet has addressed rumors about a possible token airdrop tied to its upcoming social discovery feature. In a January 3 X post, the company stated, “We’ve seen some speculation about an airdrop tied to this feature, so to clarify: we do not have any plans to launch a token.”
However, the company added, “We’re incredibly excited about social discovery on Phantom and are actively working on ways to make it something everyone loves.”
What Is Phantom’s Social Discovery Feature?
Announced on December 19, this new feature will allow users to create profiles, add friends, and set their profiles to one of three privacy levels: public, private, or invisible.
Some members of the crypto community, including X user Slim, claimed users of the new feature could earn tokens by following others and gaining followers. This sparked rumors of a potential token launch, but Phantom has firmly denied these claims.
Phantom’s Blockchain Integrations
On December 6, Phantom announced plans to integrate the Layer 1 blockchain Sui. This will be the fourth blockchain supported by Phantom, after Bitcoin, Ethereum, and Solana. The integration is expected to go live in early 2025.
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Phantom has emerged as one of the leading non-custodial crypto wallets this bull market, with 7 million monthly active users reported in April. On November 20, Phantom briefly became the second most popular app in the Apple App Store’s utilities section.
However, the company has faced challenges in recent months. Developers had to issue an emergency update for iPhone users following reports of the app resetting, locking users out of their wallets unless they remembered their recovery phrases. One user reportedly lost approximately $600,000 during this incident.
About Phantom
Phantom was founded in 2021 in San Francisco, California, by CEO Brandon Millman, Chief Product Officer Chris Kalani, and Chief Technology Officer Francesco Agost. The wallet also provides non-custodial services for users looking to secure their NFTs.
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