Key Takeaways
- MetaMask denied the existence of a MASK token after it was listed as a speculative pre-market on LogX.
- ConsenSys has planned for a future token, but no timeline has been confirmed despite past announcements.
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MetaMask, the popular crypto wallet for the Ethereum network, today denied the existence of a MASK token after Coinbase-backed decentralized exchange LogX listed speculative pre-market trading for the purported asset.
Please be aware that projects indicating trading, or pre-market trading, of a MetaMask token are unaffiliated with Consensys.
There is no MetaMask token.
These advertisements and promotions are for speculative platforms unrelated to Consensys and without our involvement or…
— MetaMask.eth 🦊 (@MetaMask) March 3, 2025
The denial came after LogX announced the launch of MASK pre-markets on its platform.
$MASK ( @MetaMask ) Pre-Markets are LIVE on LogX 🦊
Degens must speculate. Read Disclaimer👇🏻 pic.twitter.com/YYx8jWTeJm
— LogX 🪵 (@LogX_trade) March 3, 2025
LogX, which offers perpetual futures, options and spot trading, acknowledged in its disclaimer that “markets on LogX are not officially endorsed by project teams and may not reflect the market’s expectations of a token’s launch value.”
The development follows last week’s agreement by the SEC to drop its enforcement case against ConsenSys’s MetaMask wallet tool, pending commissioner approval.
“No company wants to be the target of agency enforcement, but at the same time, it was our duty and honor to stand up for blockchain software developers in the hour it was most needed,” said Joe Lubin, CEO of ConsenSys.
While MetaMask’s parent company ConsenSys had previously confirmed plans for a token in March 2022, with CEO Joseph Lubin announcing intentions for “progressive decentralization” through a token and DAO structure, no specific timeline was provided.
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