Will MetaMask really launch its token before 2026?

MetaMask, the essential crypto wallet of the Ethereum ecosystem, could finally launch its token. Joe Lubin, CEO of Consensys, has just announced that this launch could happen “sooner than expected.” A promise that excites traders… but also leaves many doubts.

The timing of the MetaMask token launch is shaking up the markets

Joe Lubin, co-founder of Ethereum and CEO of ConsenSys, recently told the media outlet The Block that the MetaMask token was “on the way” and that it could be released “sooner than expected.” An announcement that rekindles the excitement around the famous MASK token , awaited for several years by the crypto community.

But on prediction markets, enthusiasm is far from unanimous. On Myriad Markets, traders assign only about a 32% chance to a launch before November 1st. An estimate that contrasts with the confidence displayed by Lubin. 

Evolution of the probabilities of MetaMask token launch before November – Source: Myriad Markets

Polymarket is a bit more optimistic, estimating a 46% probability of deployment by the end of 2025.

This caution is explained by MetaMask’s history. Since 2021, Lubin has regularly mentioned the arrival of a token without ever delivering a precise schedule. 

The team has always defended a “progressive decentralization” strategy, preferring to consolidate the technical foundations rather than give in to an opportunistic rush for liquidity. An approach that reassures about the solidity of the project, but ultimately irritates investors seeking clarity.

Market skepticism also rests on three key factors. First, ConsenSys, MetaMask’s parent company, is under pressure from a lawsuit filed by the SEC, a potential obstacle for the schedule and the distribution terms of the token. 

Second, Lubin’s statements remain deliberately vague: “sooner than expected” remains an imprecise phrase, without a concrete timeline. Finally, a rushed launch risks repeating the mistakes of other projects, criticized for their lack of maturity and the volatility they caused.

An ecosystem in full structuring for the token era

MetaMask has nevertheless not slowed down its pace in recent months. The wallet has chained strategic innovations that strengthen its central role in the ecosystem:

• mUSD, a stablecoin deployed on Ethereum and Linea, illustrating an infrastructure already calibrated to host new assets.
• Social Login via Google and Apple, which radically simplifies the user experience and prepares a massive onboarding of newcomers.
• The MetaMask Metal card , designed as a bridge between blockchain and daily life, allowing spending crypto without going through the bank.
• The integration of Solana and .sol addresses , opening the way to a multi-chain positioning and strengthening accessibility.

These advances are not anecdotal: they reflect a clear strategy aimed at making MetaMask much more than a simple Ethereum wallet. The stated goal is to lay the foundations of a true decentralized neobank, capable of competing with some centralized solutions.

However, several gray areas remain. Neither the economic model of the future token nor the distribution methods (airdrop, staking, retroactivity?) are clearly defined. 

As for its exact utility, it remains to be specified: will it be focused on governance, fee reduction, or access to exclusive services? Without a whitepaper or official roadmap, speculations still dominate.

One thing is certain: the launch of the MetaMask token seems closer than ever. The ecosystem is expanding, the infrastructure is in place, and Joe Lubin’s recent statements add extra weight to this anticipation. The question remains whether traders will be able to catch the right timing in this waiting game that has kept the entire community on edge for years.