The bearish market has impacted the Solana ecosystem significantly. While the blockchain strives to gain its glory, Sollet.io, the 24-keyphrase Solana wallet, went offline abruptly on December 8, 2022, taking down its website and wiping its tweets clean. The tip of its shutdown first appeared in a tweet by Solanart, claiming that Sollet has shut down forever.
Sollet is well-known for onboarding many crypto newbies into the Solana ecosystem. Yes, Sollet is down officially. But can you still recover your tokens and funds from Sollet?
Thankfully, yes. According to a tweet by Phantom just after the shutdown, you can recover your funds from Sollet by transferring your keyphrase into the Phantom wallet.
How to Import Your Funds From Sollet into Phantom
You only need to follow a few steps to import your funds from your Sollet wallet to Phantom. Follow the steps below.
Do not share your secret recovery phrase with anyone, as doing so makes your account vulnerable, and anyone can access your account with it.
- Install the Phantom wallet if you've not done so already.
- Recover your seed phrase from Sollet. The Sollet wallet generates this by default the first time you create your wallet. You can find your Sollet keyphrase on your computer or phone's local storage. Specifically, check the sollet.bak directory in your downloads folder.
- Open the Phantom app on your mobile phone or computer and select I already have a wallet.
- Tap Next.
- Paste your Sollet secret recovery phrase in the provided field.
- Finally, select Import secret recovery phrase to import your funds and tokens from Sollet.
Once done, the funds and tokens you kept in your Sollet wallet appear inside your Phantom wallet. And you can access and use them via Phantom.
Keep Your Funds Safe
Sollet's shutdown doesn't call for alarm or fear after all. If you've been using it, it's time to move your tokens into a new wallet. As you've seen, Phantom supports keyphrase importation. And moving your funds into Phantom is a breeze. Remember, always keep that secret phrase safe. We recommend storing it inside a password manager for added security.