Will Phantom Wallet announce a token? How to farm a potential Phantom airdrop

In September 2025, MetaMask confirmed it would launch a token after nearly a decade in operation, igniting expectations of a major airdrop. Attention quickly shifted to Phantom, the flagship wallet of the Solana ecosystem with significant user scale and fee revenue: Will it be next to launch a token?

Phantom Wallet Overview

Phantom Wallet is a non-custodial cryptocurrency wallet, allowing users to store and self control over their private keys & crypto assets (tokens, NFTs), while interacting with DeFi platforms & dApps. Originally built for Solana, Phantom now supports multiple chains, including Solana, Ethereum, Base, Polygon, Sui, and Bitcoin. 

Since its launch, Phantom has quickly risen to prominence, becoming one of the preferred wallets for users looking to interact with Solana's fast, low-cost blockchain. Its explosive growth, fueled by Solana's memecoin mania and DeFi boom, makes it a prime candidate for rewarding early adopters.

Will Phantom Wallet have an Airdrop?

Officially, Phantom says no. In January 2025, several outlets documented Phantom’s public denial of a token/airdrop after social features launched. There has been no official reversal since.

So why do people think Phantom airdrop could happen (even after denials)? Here’s why.

The MetaMask caveat

In March 2025, MetaMask publicly stated that "There is no MetaMask token," denying its current existence amid rumors of pre-market trading on speculative platforms and warning users against scams.

Later, Consensys CEO Joseph Lubin hinted publicly that “The MASK token is coming”. The shift from clarifying the token's absence to hinting at upcoming developments reflects a familiar crypto pattern: build product first, then consider a token to drive alignment and growth.

This fuels hope among Phantom users that a similar pivot could happen there.

Read more: How to get MetaMask Airdrop: Guide to Earning MASK Token

Phantom has raised total of $268M

Phantom has raised an estimated $268M to date, including a $150M Series C at a $3 billion valuation in January 2025 (co-led by Sequoia and Paradigm).

Well-funded, category-defining consumer apps sometimes introduce tokens later to decentralize governance, share economics, and reserve a portion for community airdrops as a way to reward early adopters.

Phantom has real revenue and massive usage

Phantom monetizes in-wallet swaps/bridges, DefiLlama’s dashboards attribute near $500M in cumulative fees to Phantom’s rails, meaning there’s real cash flow that could be routed via a token someday (purely hypothetically). 

Phantom is also one of crypto’s biggest wallets by usage: 

• $1.25B in volume & 10M transactions in a single day (Jan 20).
• Multiple trackers and explainers cite near 15M monthly active users (MAUs) in early 2025 across its multichain footprint.

When a product reaches large, durable usage, a token can formalize community alignment: distribute ownership to real users, govern fees/rebates, and fund ongoing growth. 

A similar case is Hyperliquid, which executed a massive “Genesis” airdrop on Nov 29, 2024.

Hyperliquid executed a large “Genesis” airdrop, distributing HYPE to 90,000+ eligible users, allocating 31% of total supply to the drop and 38.888% for future community rewards. The event has been described as the largest airdrop to date and cemented user-led governance and incentives around the protocol’s economy.

Furthermore, as one of the default wallets for Solana and a growing multichain gateway, Phantom sits close to retail flow across NFTs, DeFi, and staking. That distribution advantage makes a hypothetical token model conceivable from a go-to-market perspective, even if the team continues to say “no” today.

How to increase your chances for a potential Phantom airdrop

If history teaches us anything, airdrops favor the active, not the speculators or short-term farming. Phantom hasn't outlined criteria, so the best strategy is to behave like a normal, long-term user.

Be an active, multichain user inside Phantom: Do not only store tokens, use the in-wallet swaps and bridging regularly (that’s a core revenue line for Phantom today). Consistent, organic usage over time is what prior distributions tended to reward.

Stake SOL in-wallet (native or liquid): Phantom supports native SOL staking (delegate to validators directly) and liquid staking via PSOL, its own liquid-staking token. Both flows are documented in Phantom’s help center. Staking is a natural “real user” signal and interacts with Solana at the protocol level.

Claim and use a Phantom username (identity): Phantom rolled out usernames to personalize transfers and sync the experience across devices. Claiming and using a handle is low lift and shows real identity-level usage inside the wallet. See Phantom’s blog and coverage of the rollout.

Connect Phantom to dApps on supported networks: Phantom is now multi-chain (Solana, Ethereum, Base, Polygon, Sui, and Bitcoin). Use dApps you actually need on these networks, not just one-off interactions. 

For example, you can connect Phantom Wallet when trading pre-market tokens on Whales Market; consistent on-chain activity via your real wallet will strengthen credibility and signal genuine usage.

Importance note: 

• Remember to spread activity over time, avoid sybil behavior!Recent distributions across the industry have filtered out obvious farmers and one-time burst activity. Use your primary wallet, repeat normal actions (swap, stake, NFT sends, identity), and keep your app updated.
• Keep expectations realistic: Phantom has publicly denied token/airdrop rumors; treat all lists and leaks as speculation until Phantom announces on its official channels. Use the product because it’s useful; any future rewards if they ever happen are a bonus.

Conclusion

Phantom sits at a crossroads: a category-leading wallet with real fee flow and wide distribution, yet a clear public denial of any token plans. However, signals that typically precede token launches explain why the airdrop narrative persists despite official denials. And the most defensible approach is simple: focus on authentic, repeated product usage across supported chains and monitor only Phantom’s official channels.

FAQs

Has Phantom wallet launched a token yet?

As of October 2025, Phantom has not issued a token. The community expects a Phantom airdrop for early users.

Why is the Phantom airdrop considered promising?

Industry precedent exists for large products to launch tokens later, and Phantom’s scale and fee-generating surfaces make a token economically feasible. These are signals, not proof.

How do I get started with Phantom wallet airdrop?

Focus on authentic wallet usage over time: make swaps and bridges in-app, stake SOL, move NFTs, and interact across supported chains. Claim a Phantom username, stick to official links only, and treat any reward as a bonus since no token or airdrop is confirmed.

How do I avoid looking like a bot on Phantom?

Act with consistent, human-like patterns: 

• Vary transaction types and sizes, avoid mass tiny transfers, don’t rotate through many fresh wallets, and space actions naturally instead of rapid-fire clicks. 
• Keep one main wallet identity (username set), and maintain a reasonable gas/fee history.