MetaMask Denies MASK Token Amidst LogX's Pre-Market Trading

Coin WorldMonday, Mar 3, 2025 1:11 pm ET

1min read

MetaMask, a widely-used crypto wallet for the Ethereum network, has denied the existence of a MASK token following Coinbase-backed decentralized exchange LogX's announcement of speculative pre-market trading for the purported asset.

In a statement, MetaMask clarified that projects indicating trading or pre-market trading of a MetaMask token are unaffiliated with ConsenSys, the company behind MetaMask. The wallet provider emphasized that there is no MetaMask token, and these advertisements and promotions are for speculative platforms unrelated to ConsenSys.

This denial came after logx, a decentralized exchange offering perpetual futures, options, and spot trading, announced the launch of MASK pre-markets on its platform. In its disclaimer, LogX acknowledged that markets on its platform are not officially endorsed by project teams and may not reflect the market's expectations of a token's launch value.

The news has sparked confusion among crypto enthusiasts, with some questioning the legitimacy of the MASK token and its association with MetaMask. While LogX's pre-market trading may attract speculators, the lack of official endorsement from MetaMask and ConsenSys raises concerns about the token's authenticity and potential risks.

As the crypto market continues to evolve, incidents like this highlight the importance of thorough research and caution when investing in newly listed or pre-market tokens. Investors should be aware of the risks associated with speculative trading and ensure they understand the projects and teams behind the assets they invest in.

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