Phantom Dismisses Airdrop Rumors On X

Phantom, a multi-chain cryptocurrency wallet that supports networks such as Bitcoin, Ethereum, and Solana, dismissed rumors of an upcoming airdrop in a Jan. 3 X post.

“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. But we're incredibly excited about social discovery on Phantom and are actively working on ways to make it something everyone loves,” the Phantom account wrote.

The rumors began after Phantom rolled out new in-app social features on Dec. 18. Some features include setting a profile picture and bio, setting usernames and sending money via usernames, following friends, and choosing between three privacy levels: public, private, and invisible.

The features are currently only live on mobile, but Phantom announced they would soon be available on the website extension.

Not too long after, users on X began to speculate over an upcoming Phantom airdrop, although it may all have been a ploy to gain followers on the app.