Phantom ends support for Monad network on August 26

Phantom, one of crypto’s most widely used multi-chain wallets, is dropping support for the Monad network on August 26. Users holding MON tokens or any Monad-native assets inside Phantom will need to move or swap their holdings before the deadline.

The wallet plans to send in-app notifications guiding users through the migration process.

A short-lived relationship

Phantom only added Monad support back in November 2025, right around the time Monad’s mainnet launched. That means the integration lasted roughly nine months before Phantom decided to call it off.

Monad positioned itself as a high-performance Layer-1 blockchain built around parallel execution and EVM compatibility. The EVM compatibility part is actually a silver lining for affected users: because Monad works with the Ethereum Virtual Machine, migrating to wallets like MetaMask or Rabby is relatively straightforward.

What Monad users need to do

The practical advice is simple. If you hold any Monad-based assets in Phantom, you have until August 26 to either transfer them to an alternative EVM wallet or swap them for assets on networks Phantom will continue supporting.

MetaMask and Rabby are the two most commonly cited alternatives. Both support EVM-compatible chains, which means they can handle MON tokens and other Monad-native assets without any exotic workarounds.

Phantom’s in-app notifications should walk users through the steps, but the general process involves exporting your private key or seed phrase and importing it into your new wallet.

Monad’s total token supply sits at 100 billion MON. The migration pressure could create short-term selling activity if users decide the hassle of switching wallets isn’t worth it and opt to swap out of MON entirely instead.

The buyback factor

Earlier in 2026, Monad announced a potential open-market buyback of up to $30 million worth of MON tokens. That buyback program could serve as a cushion against any selling pressure that materializes from the Phantom exit.

As of late July, there hasn’t been a dramatic market reaction to the news. MON hasn’t experienced a sharp selloff.

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