PASS

Mask Network (MASK)

Browser extension for decentralized social media features that never achieved mainstream adoption; token has no revenue model

Ranked 216th of 251 rated tokens. Scoring pass 11 Jun 2026.

Score
82/250
216th of 251
Percentile
14.3%
of the rated universe
Circulating
100%
0% of value still to vest
Off all-time high
-99.14%
116.3x to recover
EthereumERC-20+4 since last pass
01

What the numbers say

MASK scores 82 of 250 across the 25-variable framework, which places it 216th of 251 rated tokens and inside the bottom quartile of the set. The framework verdict is PASS.

The score rests on P/S Multiple 5/10, 38th of 251 and Exchange Depth 5/10, 73rd of 251.

Against the same universe, MASK sits in the bottom third on Team Execution 3/10, 208th of 251, Vesting Schedule 3/10, 204th of 251, Insider Selling 3/10, 201st of 251 and Real Staking Yield 2/10, 199th of 251. These are the variables that would have to move for the verdict to change.

100% of eventual supply is already circulating, so vesting is not a live risk for MASK. Price has to be justified by demand rather than absorbed against a cliff.

MASK trades 99.14% below its all-time high of $41.45. Recovering that level is a 116.3x move, not a 99.14% one, which is the arithmetic most drawdown charts hide.

02

25-variable breakdown

Each variable is scored 1 to 10 and ranked against every other rated token, so a 7 that ranks 20th means something different from a 7 that ranks 180th. The rank is the part that is hard to get anywhere else.

Cash flow

Cash flow variables for MASK, scored 1 to 10 and ranked against 251 tokens
Protocol Revenue
2166th of 251
Revenue Trend
2191st of 251
P/S Multiple
538th of 251
Real Staking Yield
2199th of 251

Supply

Supply variables for MASK, scored 1 to 10 and ranked against 251 tokens
Supply Inflation
3199th of 251
Vesting Schedule
3204th of 251
Circulating / FDV Ratio
688th of 251
Buyback and Burn
2114th of 251

Ownership

Ownership variables for MASK, scored 1 to 10 and ranked against 251 tokens
Smart Money Flows
3149th of 251
Insider Selling
3201st of 251
Holder Concentration
3197th of 251

Traction

Traction variables for MASK, scored 1 to 10 and ranked against 251 tokens
TVL Trend
2189th of 251
Active Users
3149th of 251
Developer Activity
4158th of 251
Network Growth
3156th of 251

Position

Position variables for MASK, scored 1 to 10 and ranked against 251 tokens
Market Share
3131st of 251
Competitive Moat
3175th of 251
Institutional Adoption
3115th of 251
Exchange Depth
573rd of 251
Social Mindshare
486th of 251

Risk

Risk variables for MASK, scored 1 to 10 and ranked against 251 tokens
Regulatory Safety
5102nd of 251
Catalyst Calendar
3158th of 251
BTC Alpha Potential
3114th of 251
Team Execution
3208th of 251
Treasury Runway
4181st of 251

The vertical tick on each bar marks the median score across all 251 rated tokens, so a bar ending left of the tick is below the universe on that variable.

03

Catalyst and risk

Next catalyst

X (Twitter) and Farcaster integrations driving decentralized social narrative

Principal risk

Product-market fit never proven; large outstanding supply releases from team and investors

04

Market and supply

Price$0.3582
Market cap$35.8Mrank 554
All-time high$41.4524 Feb 2021
Circulating supply100,000,000
Eventual supply (max supply)100,000,000
Dilution to full supply1x
Listed onBinance, Bybit, Huobi

Price, market cap, supply and all-time high from CoinGecko, fetched 6 Aug 2026. The 25 scores come from the research pass dated 11 Jun 2026 and don't move with price.

05

Tokens with a similar profile

These are the closest matches to MASK measured on the shape of all 25 variables after removing overall quality, so what they share is a pattern of strengths and weaknesses rather than a similar size or price.

06

Sources

  • [Mask Network Blog] Mask Network extension allows encrypted posts and DeFi within Twitter/X but DAU estimates remain in the low thousands
  • [CoinGecko] MASK token down 98.3% from ATH with only 55% circulating; no fee revenue mechanism exists
  • [Mask DAO] Mask Network invested in early-stage DeSoc projects (Lens, Cyber) but indirect value accrual to MASK is speculative
07

Common questions

What is the Early Thunder score for Mask Network (MASK)?
MASK scores 82 out of 250 on the 25-variable framework, ranking 216th of 251 rated tokens (bottom quartile). The framework verdict is PASS.
What are MASK's strongest fundamentals?
MASK ranks highest on P/S Multiple 5/10, 38th of 251 and Exchange Depth 5/10, 73rd of 251. Ranks are measured against all 251 tokens in the same scoring pass.
What are the weakest parts of the MASK thesis?
MASK scores in the bottom third of the universe on Team Execution 3/10, 208th of 251, Vesting Schedule 3/10, 204th of 251, Insider Selling 3/10, 201st of 251 and Real Staking Yield 2/10, 199th of 251. The single risk carried on the scorecard is: Product-market fit never proven; large outstanding supply releases from team and investors
How much MASK supply is still to enter circulation?
100% of eventual MASK supply is circulating today, leaving 1x the current float still to arrive. At a flat price per token that is 0% of fully diluted value ahead of current holders.
How far is MASK from its all-time high?
MASK trades 99.14% below its all-time high of $41.45. Returning to that high requires a 116.3x move from the level used in this scoring pass.
Which tokens have a similar profile to MASK?
Measured on the shape of all 25 scored variables rather than on price, the closest matches to MASK are SUPER (67), MANTA (76), MODE (72) and JASMY (67). Similarity here means the same pattern of strengths and weaknesses, not a similar market cap.
What is the next catalyst for MASK?
X (Twitter) and Farcaster integrations driving decentralized social narrative

Keep reading

Research and analysis, not investment advice. Scores are one framework applied consistently across 251 tokens, not a prediction of price.