Consensys CEO Joe Lubin said the team is considering different options for developing MetaMask's own token. But there are no plans to launch MASK anytime soon.
Lubin previously said the token "will appear" and that it could happen sooner than expected. Now he has clarified that the idea is still being discussed, but a quick release shouldn't be expected.
$CASHCAT 🗑 53 Memecoins, One Scheme: $18.4M Pulled Out of Robinhood Chain
Analyst Wazz linked 53 memecoin launches to a single alleged scheme. By his estimate, its participants withdrew at least $18.43M in a little over two months.
At launch, regular buyers were charged fees of up to 99%, while "insider" wallets were exempt. This allowed the creators and connected addresses to take 82-86% of the tokens.
Money from some projects went toward launching the next ones. The memecoin names kept changing, but the wallets behind them stayed the same.