Phantom, a popular non-custodial crypto wallet, has dismissed rumors of an upcoming token airdrop linked to its new social discovery feature. The company clarified that there are no plans for a token launch despite speculation. The social discovery feature, announced in December, will let users create profiles, add friends, and choose privacy settings.

Phantom is also set to integrate the Sui blockchain by early 2025, expanding its support beyond Bitcoin, Ethereum, and Solana. Despite recent challenges, including an emergency update for iPhone users, Phantom remains a leading wallet with 7 million monthly active users.