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MetaMask Might Drop an Altcoin — But Only If It Makes Sense

Thu May 15 2025

MetaMask is considering launching its own token, years after first teasing the idea. With 30M users and rising competition, here’s what we know — and why “maybe” still matters.

🦊 MetaMask Coin? The Answer Is Still “Maybe”

MetaMask, the world’s most-used crypto wallet with nearly 30 million users, may finally be getting its own altcoin.

Or maybe not.

That’s the current state of things after Dan Finlay, co-founder of MetaMask, dropped a carefully hedged “maybe” on the Crypto Beat podcast — keeping hope alive, but hype in check.

“If we do it, you’ll hear about it through the app — nowhere else,” Finlay said. Translation: No tweets. No emails. No AirDrop scams.

📜 A Token Long Teased, Never Dropped

The idea of a MetaMask token has been around since:

🧪 2021, when developer Erik Marks floated “community-based ownership”
🗳 2022, when ConsenSys CEO Joe Lubin teased a MetaMask DAO + token launch
🔐 With promises of anti-AirDrop farming protections and a non-governance DAO

But three years later? Still nothing on-chain.

So… will we ever see it?

🛡️ Security First, Speculation Later

Unlike meme-driven launches, MetaMask is playing it safe:

❌ No personal data collected (no phone numbers, no emails)
🔐 No centralized alert system — only in-app comms
🧼 Strict filtering to protect users from fake tokens and phishing attempts

The team knows that if it drops a token, the scammers will come fast. So they’re building defenses before they launch.

⚖️ Regulator Watch: The Gensler Freeze Might Be Thawing

One reason for the long wait? The regulatory minefield.

Under SEC chair Gary Gensler, many tokens were labeled as securities, making new launches risky. But with a potential Trump return, the mood may shift.