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. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io