Phantom Denies Token Launch Rumors After Social Feature Announcement
On January 3, the Phantom wallet took to X to set the record straight. They said, “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.”
Despite the rumors, Phantom emphasized their excitement about the social discovery feature. They said that they were “actively working on ways to make it something everyone loves.”
The rumors began circulating after Phantom’s announcement on December 19 that it would be rolling out a new feature allowing users to create profiles, add friends, and adjust privacy settings. The feature offers three different privacy levels: public, private, and invisible.
A tweet from “Slim,” a member of the X crypto community, added fuel to the fire, suggesting that token rewards might come with following others and being followed back. This further stirred speculation about the possibility of an airdrop.
However, Phantom was quick to clear the air, reminding its users that while they were working on enhancing the social aspects of the platform, the rumors about tokens were “a red herring.” The wallet provider made it clear that no such plans were in place.
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
U.S. spot Bitcoin ETFs attracted $986.9 million last week, extending their positive streak to three weeks as institutional demand recovered and BTC held near $80,000.
BTC
Bitcoin ETFs attracted $986.9 million in the week ending September 4, while Ethereum, Solana, XRP and Hyperliquid ETF inflows plunged after a strong late August run.
BTC
ETH+2 more
Liquid Network halted transactions after roughly 4,000 BTC worth $320 million was withdrawn from its federation wallet by purported white-hat hackers.
BTCWe're thrilled by the enthusiasm for following users on Phantom! It's a huge step for us toward making crypto more personal and user-friendly. By simplifying how you share and discover with friends, we aim to dramatically improve how users find new tokens and apps. We've seen Show more
Create your username on the Phantom wallet yet anon? My username is slimNFT Rumor has it you receive 1000 tokens for each person you follow and 500 for every account that follows you Drop your username in the comments and I’ll follow you! Following all accounts back!
