MetaMask has issued a statement on platform X, making it clear that any project related to the trading or pre-market trading of the MetaMask token ($MASK) is not affiliated with Consensys.
No MetaMask Airdrop or Token Exists
MetaMask has firmly stated that it has not launched any official token. On its verified X account, the company emphasized that there is no such thing as a MASK token and warned users about fraudulent claims suggesting otherwise. Despite these clarifications, misleading advertisements and promotions continue to circulate, promoting speculative platforms that have no official ties to Consensys.
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
These unauthorized promotions have raised concerns within the crypto community, as they attempt to lure users into engaging with illegitimate platforms. MetaMask has strongly advised users to verify information from official sources and conduct thorough research before interacting with any project claiming to be associated with the MetaMask brand.
Community Reacts Strongly to False Information
Despite the official denial, the false information quickly gained traction on social media. Some well-known X accounts, including Smokey, the Community Lead of Polygon, shared excitement over the unverified claims, unintentionally contributing to the spread of misinformation. This led to widespread speculation that MetaMask was preparing to launch its own token and conduct a major airdrop.
As the rumors spread, many users began posting about their anticipation, fueling further hype and misleading more people into believing that a MetaMask token launch was imminent. However, this claim had no solid foundation. In fact, spencecoin.eth, a team member at Consensys and MetaMask, had explicitly stated in their X bio: “There’s no MetaMask airdrop,” making it clear that MetaMask had no plans to issue a token.
Source: X
A DEX Promoted the Fake $MASK Token
Further complicating the situation, decentralized exchange LogX faced backlash for listing the unverified MASK token on its pre-market trading platform. On the evening of March 3, LogX unexpectedly announced that users could begin trading the MASK token, claiming that it was the official token of the MetaMask wallet.
Source: X
This sudden announcement caused a frenzy in the market. Within minutes, the MASK token surged to $4.13, pushing its fully diluted valuation (FDV) to an astonishing $4.13 billion—an incredible number for a token that had never been officially confirmed.
The listing by LogX has raised serious concerns about the accountability of decentralized exchanges when it comes to listing assets that have not been verified. Many community members have criticized LogX for not conducting proper due diligence before allowing the token to be traded, as such actions can mislead investors and encourage speculation based on false information.
Protecting Users from Crypto Scams
This incident highlights the growing risks in the crypto space, where fake token launches and misleading information can quickly spread, creating confusion and potential financial losses for investors. It also serves as a reminder that users should always verify information from official sources rather than relying on social media hype.
MetaMask’s statement serves as a strong warning to the community: There is no official MASK token, and any claims suggesting otherwise are fraudulent. Users should remain cautious, stay informed, and avoid engaging with platforms promoting speculative trading of unverified tokens.
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