The MetaMask Airdrop narrative is heating up again after new reports confirmed that JPMorgan and Goldman Sachs are set to lead the initial public offering (IPO) of Consensys. Consensys, the company behind the widely popular MetaMask wallet, is reportedly looking to list in late 2025 or early 2026, which could mark one of the largest public offerings in cryptocurrency history.
With over 100 million MetaMask users worldwide and ongoing conversations around the MetaMask ICO and MASK token, investors are now asking one burning question. Will the airdrop arrive before the IPO, or will both events coincide in one massive IPO?
Is JPMorgan already making MetaMask public?
Consensys, led by Ethereum co-founder Joseph Lubin, has hired JPMorgan Chase and Goldman Sachs to manage its IPO. The move signals a major leap forward for one of Ethereum’s most influential structuring firms, which recently scored a major regulatory victory.
JUST IN: MetaMask maker Consensys has selected JPMorgan and Goldman Sachs as lead underwriters for its IPO, according to Axios. pic.twitter.com/qxxtn64NoE
— Cointelegraph (@Cointelegraph) October 29, 2025
Earlier this year, the SEC dropped its lawsuit against Consensys over MetaMask’s staking features, removing one final hurdle before a potential listing. The company, which was last valued at about $7 billion in 2022, is building core tools for the Ethereum ecosystem, including MetaMask, Infura, and the Linea Layer-2 network.
(Source – Traxen)
The IPO will give traditional investors a rare opportunity to buy exposure to Ethereum’s expanding ecosystem. Meanwhile, Consensys has doubled down on its Web3 ambitions, where it reportedly plans to invest $200 million in decentralized finance and yield generation strategies on Linea. This will enhance MetaMask’s integration with cross-chain finance.
Discover: 10+ Next Cryptocurrencies to 100X in 2025
Will the MetaMask ICO be launched before the MetaMask Airdrop?
As of now, there is no official ICO for MetaMask, nor has anything upcoming been confirmed. Despite years of speculation around the MASK token, Consensys has not announced any token sale or issuance. Instead, attention has turned to the ongoing MetaMask bounty program, which many believe lays the groundwork for a future airdrop.
It’s easy to get started with MetaMask Rewards.
Simply sign up on mobile and you’ll be on your way.
– metamask.eth
(@metamask) October 29, 2025
This bounty campaign allows users to earn points for actions such as swapping tokens, staking assets, and storing directly in MetaMask. The points system has quickly become a point of discussion among DeFi users, offering rewards such as Linea tokens, fee discounts, and potential mask airdrop eligibility.
While some domain names, such as claim.metamask.io and gift.metamask.io, have intensified community speculation, Consensys has not confirmed any official airdrop timeline or token details. Analysts expect that if the MASK token does emerge, it will take the form of a governance token or utility token, launched via an equitable distribution rather than a traditional initial coin offering (ICO) — in line with the company’s cautious approach that puts regulation first.
DISCOVER: 15+ Upcoming Coinbase Listings to Watch in 2025
When can MetaMask Airdrop or token be launched?
If the MASK token is launched, it could become one of the most anticipated events in the history of DeFi. MetaMask’s unique user base of 10 million users gives it unprecedented scale, and a token issuance (especially combined with the ConsenSys IPO) could ignite a wave of retail participation.
(Source – Sand Dunes)
Recent patterns suggest that MetaMask’s airdrop could take place in early 2026, likely coinciding with the IPO itself. The two headlines will be strategic: one introduces Consensys to Wall Street, while the other energizes the Web3 community with a new token ecosystem. Analysts expect that if the MASK token hits the market, Metamask price volatility could reflect early increases in UNI or ARB, as users rush to claim, stake and trade their rewards.
Discover: 16+ new and upcoming Binance listings in 2025
Join the 99Bitcoins News Discord here to get the latest market updates
Key takeaways
JPMorgan and Goldman Sachs lead ConsenSys IPO.
Will the MetaMask token be released before the airdrop?
The post JPMorgan Takes Metamask Public: Will MetaMask ICO Land Before MetaMask Airdrop? appeared first on 99Bitcoins.