Phantom ends support for Monad network on Aug 26: MON migration plan
Phantom ends support for the Monad network on August 26. Users holding MON tokens or other Monad-native assets inside Phantom must migrate or swap before the deadline. Phantom says it will send in-app notifications to guide the process.
The support lasted roughly nine months. Phantom added Monad integration in November 2025, around Monad mainnet launch, then decided to discontinue it after a short window.
Because Monad is EVM-compatible, affected users have a practical exit path: they can move MON to other EVM wallets such as MetaMask or Rabby. The general workflow involves exporting a private key/seed phrase from Phantom and importing it into the new wallet. Phantom ends support for Monad, so any remaining MON positions after Aug 26 could become harder to manage.
Token and market context: MON has a total supply of 100 billion. The migration deadline could trigger short-term selling pressure if users choose to swap out of MON rather than deal with wallet switching.
Counterbalancing factor: In early 2026, Monad indicated a potential open-market buyback of up to $30 million worth of MON tokens. As of late July, there has not been a dramatic market selloff, and MON reportedly has not shown a sharp drop following the news.
For traders, the key watch is whether the Aug 26 migration window increases spot selling/liquidity shifts in MON, or whether any buyback expectations dampen volatility. Phantom ends support for Monad, but early price action has looked relatively contained so far.
Neutral
Phantom ends support for Monad on August 26, which is a concrete operational catalyst for MON holders. However, the article reports that as of late July there has been no sharp selloff and no dramatic market reaction. The move mostly forces wallet-level migration rather than a fundamental change to Monad token economics, and Monad’s EVM compatibility lowers the friction (users can move to MetaMask/Rabby). That typically reduces the likelihood of an immediate “forced exit” cascade.
In the short term, traders may see mild volatility or distribution effects as some users rebalance ahead of the deadline. If migration behavior becomes concentrated close to Aug 26, it could momentarily pressure liquidity and price. Still, Monad’s potential $30 million open-market buyback announced earlier in 2026 could offset selling pressure and improve sentiment around downside protection.
Longer term, the impact depends on whether the migration is smooth and whether users remain engaged with Monad ecosystems after leaving Phantom. Historically, similar wallet/support sunsets often create temporary liquidity pockets and short-lived volatility but rarely trigger sustained bearish trends unless paired with broader network issues or liquidity breakdowns. Based on the lack of a pronounced market reaction so far, the net expected impact is neutral, with heightened attention needed into the migration window.