On January 4, 2025, the cryptocurrency wallet #Phantom officially dismissed rumors about the issuance of its own token after the community spread misinformation about this plan.
Origin of the Rumor
The rumors stem from a new social feature that Phantom launched in December 2024. This feature allows users to:
Create a personal profile
Connect with friends
Customize portfolio display
This innovation has led many to speculate that Phantom is preparing to release a token in 2025.
Phantom Speaks Out
On social media platform X (formerly Twitter), Phantom announced:
The project has no plans to issue a token at this time.
The new feature is designed solely to enhance the user experience, unrelated to token issuance.
Phantom: Position and New Direction
Phantom is the leading cryptocurrency wallet on the Solana blockchain, but has recently expanded support for major networks such as:
Bitcoin
SOLUSDTPerp102,569.4+3.71%Ethereum
SOLUSDTPerp3,405.25+2.49%Polygon
SOLUSDTPerp0.5063+5.21%
It is expected that Phantom will continue to expand support for Base, the most popular layer-2 of Ethereum today.
Token Market in 2025: A Dynamic Forecast
Although Phantom denies plans to issue a token, 2025 is predicted to be a year when many major projects in the cryptocurrency industry launch their own tokens, with potential names such as:
Monad
Berachain
OpenSea
Polymarket
pump.fun
Conclusion
Phantom has affirmed its focus on improving the product rather than chasing the trend of token issuance. This shows the project's priority on the actual value that the product brings to users.
Although the rumors are unfounded, the community still hopes that Phantom will continue to bring breakthrough features, contributing to the development of the cryptocurrency ecosystem. 🚀