What is Metakings (MTK) crypto coin? Real status in 2025

Metakings (MTK) sounds like it could be the next big thing in play-to-earn gaming. You hear about AI-powered battlespaces, token rewards for gameplay, and decentralized governance. But if you look at the real data as of December 7, 2025, the story is very different. Metakings isn’t thriving-it’s barely alive.

What Metakings (MTK) was supposed to be

Metakings was launched as a blockchain-based gaming platform where players could earn MTK tokens by competing in AI-driven battles. The idea was simple: play games, build characters, create arenas, and get paid in MTK. It wasn’t just about winning fights-it was about contributing to the ecosystem. Users could submit their own game content, stake tokens to earn rewards, and vote on future updates. That’s the pitch.

The token runs on the Binance Smart Chain (BEP-20) with the contract address 0x1293...78a138. It has a total supply of 1 billion MTK tokens. The project claimed to use a dual-token system, separating utility from governance, and a proof-of-stake mechanism to keep things energy-efficient. On paper, it looked like a smart upgrade over older play-to-earn models.

What Metakings (MTK) actually is in 2025

Right now, Metakings is a ghost. The token trades at around $0.00002 to $0.000045, depending on the exchange. That’s 99.997% below its all-time high of $1.62506. But here’s the real problem: there’s no trading volume. Binance, Coinbase, and other major platforms all report 24-hour trading volume at $0. That means nobody is buying or selling MTK. Not even a few hundred dollars worth.

Even more confusing: most exchanges list the circulating supply as 0 MTK. That doesn’t make sense if the total supply is 1 billion. Either the tokens are locked away forever, or the project never distributed them. Either way, it’s a red flag. If no one holds the token, how can it have value?

Price charts from CoinCodex show MTK trading below both its 50-day and 200-day moving averages. The 14-day RSI is at 46.19-neutral, but that’s misleading. When there’s no volume, the RSI doesn’t mean anything. It’s like checking a car’s speedometer when the engine is off.

Why no one uses Metakings anymore

The community has collapsed. In early 2022, the official Metakings Telegram group had over 12,500 members. By December 2023, that number dropped to 1,800. That’s an 85.6% loss in just over two years. Today, there’s no activity. No announcements. No updates. No developer posts.

Users who tried to cash out their earnings in 2023 reported failed transactions. One Reddit user, u/CryptoGamer2022, wrote: “Tried to cash out my earnings but the platform seems abandoned.” Trustpilot reviews give Metakings a 1.2 out of 5 rating based on 37 reviews. Common complaints: “Marketplace doesn’t work,” “Rewards never arrived,” “No customer support.”

Early adopters in developing countries did make money during the first few months. Coinbase noted in 2022 that thousands of gamers from places like the Philippines and Nigeria earned supplemental income. But that window closed fast. Without ongoing development or liquidity, the system collapsed.

Can you still buy MTK?

Technically, yes. But practically, no.

Metakings isn’t listed on Binance, Coinbase, or any major exchange. You’d have to find it on a decentralized exchange (DEX) like PancakeSwap with almost no liquidity. Even then, buying MTK is risky. If you send funds to buy it, the trade might fail. Or you might get stuck with tokens you can’t sell.

Experienced crypto users on forums like CryptoSlate warn: “Only attempt to use MTK if you’re experienced with troubleshooting failed transactions on low-liquidity tokens.” That’s not advice for a beginner. That’s a warning.

There’s no official wallet integration. No API documentation since late 2022. No GitHub updates. No blog posts. The project’s website is static. No new features. No roadmap changes. It’s frozen in time.

How Metakings compares to other gaming tokens

In 2023, the global gaming token market was worth $14.2 billion. Axie Infinity had 850,000 daily active users. The Sandbox had active partnerships with major brands. Both had real trading volume, clear development teams, and growing communities.

Metakings? It ranks #6919 on Binance by market position. That’s not just low-it’s invisible. It has less market presence than 99.9% of all crypto projects. It doesn’t compete with Axie Infinity. It doesn’t even compete with the 6,918 projects ahead of it. It’s a footnote.

Is Metakings a scam?

It’s not officially labeled a scam. There’s no evidence of fraud or stolen funds. But it’s a classic case of a project that launched with hype, burned through early adopters, and vanished. The team stopped communicating. The platform stopped working. The token stopped moving.

Experts at CoinPaprika and CryptoCompare agree: the dual-token system and proof-of-stake design had potential. But without community trust, developer activity, or liquidity, those technical advantages mean nothing. It’s like building a Ferrari with no fuel.

What’s next for MTK?

There’s no positive outlook. CoinCodex predicts the price could drop another 25% by the end of December 2025, falling to $0.00001161. That’s not a forecast-it’s a funeral notice.

Without new funding, a team comeback, or a major exchange listing, MTK will continue its slow decay. The tokens in wallets are likely worthless. The platform is probably offline. The dream of earning through AI battles is gone.

Metakings isn’t dead yet-it’s just breathing its last. And if you’re thinking about investing, the only thing you’re likely to earn is a lesson in how not to pick a crypto project.