Phantom Wallet recently clarified it wouldn’t launch a new token or conduct an airdrop. This response came amid increasing speculation from influencers in the Solana ecosystem, causing varied reactions from its user base.

Although some in the community expressed disappointment, others appreciated the wallet’s transparency. Remarkably, the news did not dampen the market, with the price of SOL rising by 5.05% to 216.75 USD, reflecting user confidence.