diff --git a/packages/assets-controllers/CHANGELOG.md b/packages/assets-controllers/CHANGELOG.md
index 9df82a17e9b..227acad7e25 100644
--- a/packages/assets-controllers/CHANGELOG.md
+++ b/packages/assets-controllers/CHANGELOG.md
@@ -9,6 +9,7 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 
 ### Changed
 
+- Set `persist: false` on state metadata for legacy assets controllers so their state is no longer written to disk (`TokensController`, `CurrencyRateController`, `TokenRatesController`, `TokenBalancesController`, `AccountTrackerController`, `MultichainAssetsController`, `MultichainAssetsRatesController`, `MultichainBalancesController`) ([#9842](https://github.com/MetaMask/core/pull/9842))
 - Bump `@metamask/transaction-controller` from `^69.5.0` to `^69.5.2` ([#9798](https://github.com/MetaMask/core/pull/9798), [#9823](https://github.com/MetaMask/core/pull/9823))
 - Bump `@metamask/accounts-controller` from `^39.0.7` to `^39.1.0` ([#9807](https://github.com/MetaMask/core/pull/9807))
 
diff --git a/packages/assets-controllers/src/AccountTrackerController.test.ts b/packages/assets-controllers/src/AccountTrackerController.test.ts
index 0f4efc6fae6..9a9db94b6fd 100644
--- a/packages/assets-controllers/src/AccountTrackerController.test.ts
+++ b/packages/assets-controllers/src/AccountTrackerController.test.ts
@@ -2042,13 +2042,7 @@ describe('AccountTrackerController', () => {
             controller.metadata,
             'persist',
           ),
-        ).toMatchInlineSnapshot(`
-          {
-            "accountsByChainId": {
-              "0x1": {},
-            },
-          }
-        `);
+        ).toMatchInlineSnapshot(`{}`);
       });
     });
 
diff --git a/packages/assets-controllers/src/AccountTrackerController.ts b/packages/assets-controllers/src/AccountTrackerController.ts
index 3606dbbd1c2..7b887f96b6c 100644
--- a/packages/assets-controllers/src/AccountTrackerController.ts
+++ b/packages/assets-controllers/src/AccountTrackerController.ts
@@ -153,7 +153,7 @@ export type AccountTrackerControllerState = {
 const accountTrackerMetadata: StateMetadata<AccountTrackerControllerState> = {
   accountsByChainId: {
     includeInStateLogs: false,
-    persist: true,
+    persist: false,
     includeInDebugSnapshot: false,
     usedInUi: true,
   },
diff --git a/packages/assets-controllers/src/CurrencyRateController.test.ts b/packages/assets-controllers/src/CurrencyRateController.test.ts
index cc4abc7f893..4de6f52caf6 100644
--- a/packages/assets-controllers/src/CurrencyRateController.test.ts
+++ b/packages/assets-controllers/src/CurrencyRateController.test.ts
@@ -2326,18 +2326,7 @@ describe('CurrencyRateController', () => {
           controller.metadata,
           'persist',
         ),
-      ).toMatchInlineSnapshot(`
-        {
-          "currencyRates": {
-            "ETH": {
-              "conversionDate": 0,
-              "conversionRate": 0,
-              "usdConversionRate": null,
-            },
-          },
-          "currentCurrency": "usd",
-        }
-      `);
+      ).toMatchInlineSnapshot(`{}`);
     });
 
     it('exposes expected state to UI', () => {
diff --git a/packages/assets-controllers/src/CurrencyRateController.ts b/packages/assets-controllers/src/CurrencyRateController.ts
index 5c4ac92587a..ca443a5dbe7 100644
--- a/packages/assets-controllers/src/CurrencyRateController.ts
+++ b/packages/assets-controllers/src/CurrencyRateController.ts
@@ -80,13 +80,13 @@ export type CurrencyRateMessenger = Messenger<
 const metadata: StateMetadata<CurrencyRateState> = {
   currentCurrency: {
     includeInStateLogs: true,
-    persist: true,
+    persist: false,
     includeInDebugSnapshot: true,
     usedInUi: true,
   },
   currencyRates: {
     includeInStateLogs: true,
-    persist: true,
+    persist: false,
     includeInDebugSnapshot: true,
     usedInUi: true,
   },
diff --git a/packages/assets-controllers/src/MultichainAssetsController/MultichainAssetsController.test.ts b/packages/assets-controllers/src/MultichainAssetsController/MultichainAssetsController.test.ts
index 463e4a2e1e2..a4dfc4b08f8 100644
--- a/packages/assets-controllers/src/MultichainAssetsController/MultichainAssetsController.test.ts
+++ b/packages/assets-controllers/src/MultichainAssetsController/MultichainAssetsController.test.ts
@@ -2212,13 +2212,7 @@ describe('MultichainAssetsController', () => {
           controller.metadata,
           'persist',
         ),
-      ).toMatchInlineSnapshot(`
-        {
-          "accountsAssets": {},
-          "allIgnoredAssets": {},
-          "assetsMetadata": {},
-        }
-      `);
+      ).toMatchInlineSnapshot(`{}`);
     });
 
     it('exposes expected state to UI', () => {
diff --git a/packages/assets-controllers/src/MultichainAssetsController/MultichainAssetsController.ts b/packages/assets-controllers/src/MultichainAssetsController/MultichainAssetsController.ts
index 5b4909715b1..6506d4d5b6b 100644
--- a/packages/assets-controllers/src/MultichainAssetsController/MultichainAssetsController.ts
+++ b/packages/assets-controllers/src/MultichainAssetsController/MultichainAssetsController.ts
@@ -159,19 +159,19 @@ const assetsControllerMetadata: StateMetadata<MultichainAssetsControllerState> =
   {
     assetsMetadata: {
       includeInStateLogs: false,
-      persist: true,
+      persist: false,
       includeInDebugSnapshot: false,
       usedInUi: true,
     },
     accountsAssets: {
       includeInStateLogs: false,
-      persist: true,
+      persist: false,
       includeInDebugSnapshot: false,
       usedInUi: true,
     },
     allIgnoredAssets: {
       includeInStateLogs: false,
-      persist: true,
+      persist: false,
       includeInDebugSnapshot: false,
       usedInUi: true,
     },
diff --git a/packages/assets-controllers/src/MultichainAssetsRatesController/MultichainAssetsRatesController.test.ts b/packages/assets-controllers/src/MultichainAssetsRatesController/MultichainAssetsRatesController.test.ts
index 0aea388308d..d353631b4f9 100644
--- a/packages/assets-controllers/src/MultichainAssetsRatesController/MultichainAssetsRatesController.test.ts
+++ b/packages/assets-controllers/src/MultichainAssetsRatesController/MultichainAssetsRatesController.test.ts
@@ -1613,11 +1613,7 @@ describe('MultichainAssetsRatesController', () => {
           controller.metadata,
           'persist',
         ),
-      ).toMatchInlineSnapshot(`
-        {
-          "conversionRates": {},
-        }
-      `);
+      ).toMatchInlineSnapshot(`{}`);
     });
 
     it('exposes expected state to UI', () => {
diff --git a/packages/assets-controllers/src/MultichainAssetsRatesController/MultichainAssetsRatesController.ts b/packages/assets-controllers/src/MultichainAssetsRatesController/MultichainAssetsRatesController.ts
index 49306a3c4c9..9fefbaa7ffd 100644
--- a/packages/assets-controllers/src/MultichainAssetsRatesController/MultichainAssetsRatesController.ts
+++ b/packages/assets-controllers/src/MultichainAssetsRatesController/MultichainAssetsRatesController.ts
@@ -153,7 +153,7 @@ export type MultichainAssetsRatesPollingInput = {
 const metadata: StateMetadata<MultichainAssetsRatesControllerState> = {
   conversionRates: {
     includeInStateLogs: false,
-    persist: true,
+    persist: false,
     includeInDebugSnapshot: true,
     usedInUi: true,
   },
diff --git a/packages/assets-controllers/src/MultichainBalancesController/MultichainBalancesController.test.ts b/packages/assets-controllers/src/MultichainBalancesController/MultichainBalancesController.test.ts
index 9b94452292b..94e4412766d 100644
--- a/packages/assets-controllers/src/MultichainBalancesController/MultichainBalancesController.test.ts
+++ b/packages/assets-controllers/src/MultichainBalancesController/MultichainBalancesController.test.ts
@@ -1040,11 +1040,7 @@ describe('MultichainBalancesController', () => {
           controller.metadata,
           'persist',
         ),
-      ).toMatchInlineSnapshot(`
-        {
-          "balances": {},
-        }
-      `);
+      ).toMatchInlineSnapshot(`{}`);
     });
 
     it('exposes expected state to UI', () => {
diff --git a/packages/assets-controllers/src/MultichainBalancesController/MultichainBalancesController.ts b/packages/assets-controllers/src/MultichainBalancesController/MultichainBalancesController.ts
index 6c10bd9338a..2d028153085 100644
--- a/packages/assets-controllers/src/MultichainBalancesController/MultichainBalancesController.ts
+++ b/packages/assets-controllers/src/MultichainBalancesController/MultichainBalancesController.ts
@@ -126,7 +126,7 @@ const balancesControllerMetadata: StateMetadata<MultichainBalancesControllerStat
   {
     balances: {
       includeInStateLogs: false,
-      persist: true,
+      persist: false,
       includeInDebugSnapshot: false,
       usedInUi: true,
     },
diff --git a/packages/assets-controllers/src/TokenBalancesController.test.ts b/packages/assets-controllers/src/TokenBalancesController.test.ts
index 424c5018245..8201c9d8a19 100644
--- a/packages/assets-controllers/src/TokenBalancesController.test.ts
+++ b/packages/assets-controllers/src/TokenBalancesController.test.ts
@@ -6345,11 +6345,7 @@ describe('TokenBalancesController', () => {
           controller.metadata,
           'persist',
         ),
-      ).toMatchInlineSnapshot(`
-        {
-          "tokenBalances": {},
-        }
-      `);
+      ).toMatchInlineSnapshot(`{}`);
     });
 
     it('exposes expected state to UI', () => {
diff --git a/packages/assets-controllers/src/TokenBalancesController.ts b/packages/assets-controllers/src/TokenBalancesController.ts
index d0afde3cc57..0ec5ca0cf85 100644
--- a/packages/assets-controllers/src/TokenBalancesController.ts
+++ b/packages/assets-controllers/src/TokenBalancesController.ts
@@ -129,7 +129,7 @@ export function mergeUpdateBalancesOptions(
 const metadata: StateMetadata<TokenBalancesControllerState> = {
   tokenBalances: {
     includeInStateLogs: false,
-    persist: true,
+    persist: false,
     includeInDebugSnapshot: false,
     usedInUi: true,
   },
diff --git a/packages/assets-controllers/src/TokenRatesController.test.ts b/packages/assets-controllers/src/TokenRatesController.test.ts
index 818da8ac738..92def4dbed1 100644
--- a/packages/assets-controllers/src/TokenRatesController.test.ts
+++ b/packages/assets-controllers/src/TokenRatesController.test.ts
@@ -1407,11 +1407,7 @@ describe('TokenRatesController', () => {
             controller.metadata,
             'persist',
           ),
-        ).toMatchInlineSnapshot(`
-          {
-            "marketData": {},
-          }
-        `);
+        ).toMatchInlineSnapshot(`{}`);
       });
     });
 
diff --git a/packages/assets-controllers/src/TokenRatesController.ts b/packages/assets-controllers/src/TokenRatesController.ts
index a27105de668..1c65bf3718d 100644
--- a/packages/assets-controllers/src/TokenRatesController.ts
+++ b/packages/assets-controllers/src/TokenRatesController.ts
@@ -161,7 +161,7 @@ export type TokenRatesControllerMessenger = Messenger<
 const tokenRatesControllerMetadata: StateMetadata<TokenRatesControllerState> = {
   marketData: {
     includeInStateLogs: false,
-    persist: true,
+    persist: false,
     includeInDebugSnapshot: false,
     usedInUi: true,
   },
diff --git a/packages/assets-controllers/src/TokensController.test.ts b/packages/assets-controllers/src/TokensController.test.ts
index 6819d2d9896..57ace47d888 100644
--- a/packages/assets-controllers/src/TokensController.test.ts
+++ b/packages/assets-controllers/src/TokensController.test.ts
@@ -4025,13 +4025,7 @@ describe('TokensController', () => {
             controller.metadata,
             'persist',
           ),
-        ).toMatchInlineSnapshot(`
-          {
-            "allDetectedTokens": {},
-            "allIgnoredTokens": {},
-            "allTokens": {},
-          }
-        `);
+        ).toMatchInlineSnapshot(`{}`);
       });
     });
 
diff --git a/packages/assets-controllers/src/TokensController.ts b/packages/assets-controllers/src/TokensController.ts
index ca22af31657..dc7d42f1321 100644
--- a/packages/assets-controllers/src/TokensController.ts
+++ b/packages/assets-controllers/src/TokensController.ts
@@ -110,19 +110,19 @@ export type TokensControllerState = {
 const metadata: StateMetadata<TokensControllerState> = {
   allTokens: {
     includeInStateLogs: false,
-    persist: true,
+    persist: false,
     includeInDebugSnapshot: false,
     usedInUi: true,
   },
   allIgnoredTokens: {
     includeInStateLogs: false,
-    persist: true,
+    persist: false,
     includeInDebugSnapshot: false,
     usedInUi: true,
   },
   allDetectedTokens: {
     includeInStateLogs: false,
-    persist: true,
+    persist: false,
     includeInDebugSnapshot: false,
     usedInUi: true,
   },