According to Phantom Wallet's official Twitter announcement, the platform is preparing to roll out a new social feed feature, encouraging users to share their Phantom usernames for easier friend discovery and community engagement. This update is designed to drive higher user activity and retention on the Phantom platform, potentially increasing on-chain transaction volume and wallet adoption rates. Traders should monitor user engagement metrics, as increased social interaction within the wallet ecosystem can lead to higher Solana network activity and impact SOL and related token price movements. Source: Phantom Wallet Twitter, June 2024.

According to Phantom (@phantom), the company is launching an X community to foster direct user engagement. This initiative allows traders and crypto enthusiasts to provide product feedback, connect with the Phantom team, and share insights relevant to crypto market movements. The move is expected to strengthen Phantom’s ecosystem and enhance user sentiment, which could impact trading volumes and user adoption of Phantom’s wallet within the broader cryptocurrency market. Source: Phantom Twitter, June 5, 2025.