- Phantom Wallet will discontinue support for the Monad network on August 26, giving users about a month to migrate their assets.
- Users must export their private keys or seed phrases to access their MON tokens and other Monad assets in another compatible wallet.
- While the change could create short-term selling pressure on MON, Monad’s previously announced $30 million buyback program may help support market stability.
Phantom Wallet has announced it will end support for the Monad blockchain on August 26, requiring users to transfer their MON tokens and other Monad-based assets to another compatible wallet before the deadline.
The move comes roughly nine months after Phantom integrated the network following Monad’s mainnet launch in late 2025. To help users prepare, Phantom has begun sending in-app notifications explaining how to migrate their wallets and retain access to their assets.
Users who fail to migrate before support ends could temporarily lose convenient access to their Monad holdings through Phantom.
Users Must Export Their Wallet Credentials
To continue managing Monad assets, users will need to export their private keys or seed phrases from Phantom and import them into another wallet that supports the network.
Popular alternatives include MetaMask and Rabby, both of which are expected to continue supporting Monad after Phantom’s integration is removed.
As always, users should protect their recovery phrases and avoid sharing them with anyone, as these credentials provide full access to wallet funds.
Market Could See Short-Term Selling Pressure
Wallet support changes sometimes lead to temporary market volatility as users reposition their holdings or move assets between platforms.
Some investors may choose to sell their MON tokens rather than migrate to another wallet, potentially creating short-term selling pressure around the transition period.
However, the overall market impact will likely depend on how many Phantom users actively held Monad assets before the announcement.
Buyback Program May Provide Support
Earlier in 2026, the Monad team announced a $30 million buyback program aimed at supporting the ecosystem and improving market liquidity.
While the program was not introduced in response to Phantom’s decision, it could help offset some selling pressure if increased volatility emerges during the migration period.
Whether that support is sufficient will ultimately depend on overall market conditions and investor sentiment.
Ecosystem Continues to Evolve
Wallet providers periodically adjust the blockchains they support as ecosystems mature and strategic priorities change.
Although Phantom’s decision marks the end of its Monad integration, the network remains accessible through several other wallets, allowing users to continue interacting with decentralized applications and managing their assets after completing the migration.
For Monad users, the key priority over the coming weeks will be ensuring their wallets are successfully transferred before Phantom’s support officially ends on August 26.
