Phantom Ends Monad Support on Aug. 26

Phantom will cease support for the Monad network on Aug. 26, following its mainnet launch in November 2025. Users will be notified in-app with options to move or swap their Monad-native assets. Monad assets will remain accessible post-cutoff, allowing users to import their recovery phrases into other compatible wallets. Monad's announcement indicated that Phantom support ends on Aug. 12, urging users to migrate to other EVM wallets. Monad co-founder Keone Hon stated that Phantom's decision is aimed at focusing on its core business. He directed users to alternatives like MetaMask, which has been integrating Monad since June and is covering gas fees for users. Phantom recently added Robinhood Chain to its app, indicating a shift in priorities. MON token trades at 0.0205, down 1.3% in 24 hours and 9.3% over the week, with a market cap of 242 million. Monad's DeFi total value locked is 784.5 million, up 5.3% in the past day.

Disclaimer: This content is provided for general branding and informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online events, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets or to use any services. Crypto assets are highly volatile and may result in loss. WEEX services and online events may not be available in all regions and are subject to applicable laws, regulations, and eligibility requirements. You are responsible for ensuring that your use of WEEX services complies with local laws and for carefully assessing the risks before participating in any crypto-related activities.