The community is expecting the Phantom wallet - the most popular wallet on the Solana network - to launch an Airdrop in the near future. This expectation has sparked a wave of interest in installing and cross-following each other on this wallet. Particularly in the Vietnamese crypto community, many KOL accounts are calling for participation in using the wallet to increase the chances of receiving the Airdrop.
Here are a few observations and notes from BeInCrypto.
The Vietnamese community is calling for cross-following on the Phantom wallet to hope for an Airdrop
The feature to create a username on the Phantom wallet has been introduced since September. But until now, the Vietnamese community has truly taken an interest in and used this feature. Not only the Vietnamese community, but the global crypto community on X has also responded to this call for cross-following.
Although Phantom has not officially announced any Airdrop plans for the future, the community believes that simply creating a wallet, creating a username, and cross-following are enough conditions. In reality, if there is no experience of interaction or transactions on the wallet, but only the creation of an account, the projects will find it difficult to identify genuine users and implement Airdrop distribution if any.
The feature of cross-following usernames on the Phantom wallet has turned this wallet into a form of integrated social network with a wallet. The project itself has implicitly confirmed this.
"Crypto is social media. And now, Phantom is too!" - Phantom commented.
This wave has caused the Phantom wallet to climb to the TOP3 free apps and finance apps on iOS in December. According to Chrome store data, the Phantom wallet extension has reached 5 million users. Many new users have reported that the wallet app is reporting errors when creating a username, as interest in this wallet has increased significantly.
Phantom has raised $118 million from leading VCs in the market
CryptoRank data shows that the Phantom wallet has raised a total of $118 million in two Series A and Series B funding rounds during 2021 - 2022. In the past two years, the project has not received any new investment. It can be seen that the VCs participating in investing in Phamtom are all leading VCs in the market, such as Paradigm, a16z, Jump Capital, Solana Venture...
Phantom's funding rounds. Source: Cryptorank.Normally, for VCs to be able to exit or realize profits, the project needs to launch a Token to create a Liquidation channel. However, Phantom has not yet announced any new information about this possibility. The rumors of a Phantom Airdrop reflect the expectations of investors for the project, especially when the project has raised a large amount of Capital as mentioned above. CryptoRank also stated that Phantom is valued at least $1.2 billion.
Recent data from Dropstab shows that nearly $15 billion has been distributed through Airdrops in 2024. Among them, Hyperliquid (HYPE), StarkNet (STRK) and Pudgy Penguins (PENGU) are the most valuable Airdrops of the year. In reality, many investors have sold the Tokens received from previous Airdrops before the year-end price increase, so this figure is only theoretical.
Also Read: Top 3 Airdrop projects of interest in the Christmas week
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