Key Insights:
- Crypto news: Phantom announced via tweet that Sui wallet support concludes on September 24, terminating transactions and swaps.
- Sui assets stay onchain and remain accessible through other compatible wallets.
- Phantom is waiving fees for native SUI-to-wrapped SUI swaps leading up to the transition.
Recent developments in crypto highlight Phantom and Sui following a mutual agreement to terminate wallet support on September 24, 2026. Following this date, users of Phantom will no longer be able to view, send, swap, or engage with Sui assets inside the application.
Nonetheless, those holdings will stay on the Sui blockchain and remain reachable via alternative compatible wallets using identical credentials. Phantom has provided users with two distinct paths ahead of the migration: converting assets or relocating their wallet elsewhere.
Crypto News: Phantom Sets Sept. 24 Sui Transition
Phantom stated on social media that it will drop Sui balances from its interface and remove the network from its list of supported chains. Following the transition, the wallet will likewise halt support for Sui transactions, swaps, and interactions with decentralized applications.
Current Phantom connections to Sui applications will stop working once support concludes. Individuals migrating to another compatible wallet must re-establish those application links through their new wallet provider.
This update brings to a close an integration that originally launched on January 29, 2025. At the time, Sui became the inaugural Move-based blockchain supported by Phantom.
Upon release, users could handle SUI tokens, execute swaps, and connect with platforms such as Suilend, Bluefin, Navi, and Aftermath. Phantom has not attributed the withdrawal to any technical failure, security breach, or network malfunction.
Instead, the support announcement frames the shift as a product transition without detailing any commercial or technical explanations. Both organizations characterized the separation as mutual while keeping the door open for future partnerships.
Phantom Gives Users Two Asset Options
Phantom also noted that holders of Sui assets can either convert them directly inside Phantom or transfer them to another compatible wallet. The initial choice lets users swap native SUI for wrapped SUI on Solana ahead of the September 24 deadline.
Phantom has dropped its proprietary fee for that exchange assets and data.">cross-chain conversion leading up to the transition date. According to this crypto report, network and exchange fees still apply to these operations.
Alternatively, individuals may exchange Sui holdings for supported assets such as USDC, ETH, or SOL. However, standard fees apply when opting for these alternatives instead of the fee-waived SUI-to-wrapped-SUI path.
Following any of these swaps, the user holds the chosen asset on a network that Phantom continues to back. This approach allows users to stay within the Phantom ecosystem while exiting the Sui network prior to the support cutoff.
The second alternative permits users to retain their Sui holdings without performing any conversions. Phantom advises individuals to reveal and securely back up their Secret Recovery Phrase before importing it into a separate application.
Crypto News: Sui Assets Remain Accessible After Support Ends
Market updates concerning this transition confirm that users will not lose their Sui assets after September 24. Phantom emphasizes that balances stay recorded on the Sui blockchain even after vanishing from its user interface.
Users can access these funds afterward through any compatible wallet by utilizing the same credentials. The transition date simply marks the end of Phantom’s capability to display and interact with Sui assets.
Furthermore, individuals utilizing extra recovery phrases or imported private keys must transfer each individual credential separately. Phantom also reiterates that it will never initiate contact with users or request their recovery phrase.
The firm cautions that unsolicited migration support asking for these credentials should be viewed as a scam. This warning remains vital as users weigh whether to convert their assets or transition their wallets.
FAQ
When is Phantom ending Sui support?
Phantom will officially end support for Sui on September 24, 2026.
Will I lose my Sui tokens after the transition?
No, your Sui assets remain safely on the blockchain and can be accessed using your credentials in another compatible wallet.
What are my options for my Sui assets in Phantom?
You can either swap them within Phantom before the deadline or export your Secret Recovery Phrase to a new wallet.
Are swap fees waived for all tokens?
Phantom is only waiving its internal fees for native SUI-to-wrapped SUI swaps until the transition date.
