Deep Tide TechFlow news, on January 10, according to CryptoBriefing, the multi-chain crypto wallet service provider Phantom sparked controversy due to its interaction with AceofAI. On January 9, AceofAI announced a 'partnership' with Phantom and joined its embedded wallet early access program. Phantom responded to the tweet with an emoji, which the market interpreted as a confirmation of the partnership, causing the price of ACE tokens to soar to $0.017.
However, Phantom subsequently deleted the related reply and clarified that AceofAI was only using its embedded wallet product, and there was no formal partnership or endorsement relationship between the two parties. Phantom stated that it was unaware that its service would be used for token endorsement. As a result, the price of ACE plummeted to $0.0005, a decline of over 90%. Many investors expressed that they suffered losses due to misunderstandings of the relationship and questioned Phantom's communication methods.