Phantom, a popular non-custodial crypto wallet, has officially denied rumors regarding a potential token airdrop following the launch of its new social features. The company clarified that it has no plans to initiate a token, despite speculation that arose after the introduction of social tools that allow users to customize profiles, privacy settings, and friend lists. Phantom is instead focusing on its upcoming integration with the Sui blockchain, which will add a fourth Layer 1 blockchain to its ecosystem, complementing existing support for Solana, Ethereum, and Bitcoin. The announcement aims to quell user expectations for an airdrop, as Phantom emphasizes its commitment to growth over speculation.