UPDATE: Phantom to discontinue Sui support on Sept. 24; users advised to transfer or swap assets ahead of deadline with fees waived
AI Market Summary
Phantom's decision to end Sui support on September 24 forces wallet users to migrate or swap holdings, despite waived fees. The change can reduce distribution via a major retail wallet, potentially tightening near-term liquidity and increasing operational friction for Sui-based users and tokens. Near-term flows may be dominated by transfers and swaps as users reposition assets ahead of the cutoff.
Impact level
● Medium
Affected assets
SUI/USDT+1.60%
AI Insight · SUI/USDTAI Insight
▼ Bearish
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UPDATE: Phantom said it will end support for Sui on September 24. The wallet provider is urging users to move their funds or swap Sui-related assets before the cutoff. Phantom added that fees will be waived for these actions ahead of the deadline.