diff --git a/ui/components/app/wallet-overview/token-overview.js b/ui/components/app/wallet-overview/token-overview.js
index 0820c946a..a605492b9 100644
--- a/ui/components/app/wallet-overview/token-overview.js
+++ b/ui/components/app/wallet-overview/token-overview.js
@@ -28,7 +28,6 @@ import { INVALID_ASSET_TYPE } from '../../../helpers/constants/error-keys';
 import { showModal } from '../../../store/actions';
 import { MetaMetricsContext } from '../../../contexts/metametrics';
 import {
-  MetaMetricsContextProp,
   MetaMetricsEventCategory,
   MetaMetricsEventName,
   MetaMetricsSwapsEventSource,
@@ -36,12 +35,7 @@ import {
 import { AssetType } from '../../../../shared/constants/transaction';
 import useRamps from '../../../hooks/experiences/useRamps';
 
-import {
-  ButtonIcon,
-  ButtonIconSize,
-  Icon,
-  IconName,
-} from '../../component-library';
+import { Icon, IconName } from '../../component-library';
 import { IconColor } from '../../../helpers/constants/design-system';
 
 import { getPortfolioUrl } from '../../../helpers/utils/portfolio';
@@ -93,34 +87,6 @@ const TokenOverview = ({ className, token }) => {
               displayValue={balanceToRender}
               suffix={token.symbol}
             />
-            <ButtonIcon
-              className="token-overview__portfolio-button"
-              data-testid="home__portfolio-site"
-              color={IconColor.primaryDefault}
-              iconName={IconName.Diagram}
-              ariaLabel={t('portfolio')}
-              size={ButtonIconSize.Lg}
-              onClick={() => {
-                const portfolioUrl = getPortfolioUrl('', 'ext', metaMetricsId);
-                global.platform.openTab({
-                  url: portfolioUrl,
-                });
-                trackEvent(
-                  {
-                    category: MetaMetricsEventCategory.Home,
-                    event: MetaMetricsEventName.PortfolioLinkClicked,
-                    properties: {
-                      url: portfolioUrl,
-                    },
-                  },
-                  {
-                    contextPropsIntoEventProperties: [
-                      MetaMetricsContextProp.PageTitle,
-                    ],
-                  },
-                );
-              }}
-            />
           </div>
           {formattedFiatBalance ? (
             <CurrencyDisplay
diff --git a/ui/components/app/wallet-overview/token-overview.test.js b/ui/components/app/wallet-overview/token-overview.test.js
index 8a5495858..21a4faa57 100644
--- a/ui/components/app/wallet-overview/token-overview.test.js
+++ b/ui/components/app/wallet-overview/token-overview.test.js
@@ -233,48 +233,6 @@ describe('TokenOverview', () => {
       );
     });
 
-    it('should always show the Portfolio button', () => {
-      const mockToken = {
-        name: 'test',
-        isERC721: false,
-        address: '0x7ceb23fd6bc0add59e62ac25578270cff1B9f619',
-        symbol: 'test',
-      };
-      const { queryByTestId } = renderWithProvider(
-        <TokenOverview token={mockToken} />,
-        store,
-      );
-      const portfolioButton = queryByTestId('home__portfolio-site');
-      expect(portfolioButton).toBeInTheDocument();
-    });
-
-    it('should open the Portfolio URI when clicking on Portfolio button', async () => {
-      const mockToken = {
-        name: 'test',
-        isERC721: false,
-        address: '0x7ceb23fd6bc0add59e62ac25578270cff1B9f619',
-        symbol: 'test',
-      };
-      const { queryByTestId } = renderWithProvider(
-        <TokenOverview token={mockToken} />,
-        store,
-      );
-
-      const portfolioButton = queryByTestId('home__portfolio-site');
-
-      expect(portfolioButton).toBeInTheDocument();
-      expect(portfolioButton).not.toBeDisabled();
-
-      fireEvent.click(portfolioButton);
-      expect(openTabSpy).toHaveBeenCalledTimes(1);
-
-      await waitFor(() =>
-        expect(openTabSpy).toHaveBeenCalledWith({
-          url: expect.stringContaining(`?metamaskEntry=ext`),
-        }),
-      );
-    });
-
     it('should show the Bridge button if chain id and token are supported', async () => {
       const mockToken = {
         name: 'test',