diff --git a/src/app/actions.ts b/src/app/actions.ts
index 0edef57820d..b84e78250b0 100644
--- a/src/app/actions.ts
+++ b/src/app/actions.ts
@@ -38,7 +38,7 @@ export enum Actions {
   PUSH_NOTIFICATIONS_PERMISSION_CHANGED = 'APP/PUSH_NOTIFICATIONS_PERMISSION_CHANGED',
   IN_APP_REVIEW_REQUESTED = 'APP/IN_APP_REVIEW_REQUESTED',
   NOTIFICATION_SPOTLIGHT_SEEN = 'APP/NOTIFICATION_SPOTLIGHT_SEEN',
-  TOGGLE_HIDE_BALANCES = 'APP/TOGGLE_HIDE_BALANCES',
+  TOGGLE_HIDE_HOME_BALANCES = 'APP/TOGGLE_HIDE_HOME_BALANCES',
 }
 
 export interface SetAppState {
@@ -170,8 +170,8 @@ export interface NotificationSpotlightSeen {
   type: Actions.NOTIFICATION_SPOTLIGHT_SEEN
 }
 
-interface ToggleHideBalances {
-  type: Actions.TOGGLE_HIDE_BALANCES
+interface ToggleHideHomeBalances {
+  type: Actions.TOGGLE_HIDE_HOME_BALANCES
 }
 
 export type ActionTypes =
@@ -201,7 +201,7 @@ export type ActionTypes =
   | PushNotificationsPermissionChanged
   | inAppReviewRequested
   | NotificationSpotlightSeen
-  | ToggleHideBalances
+  | ToggleHideHomeBalances
 
 export const setAppState = (state: string): SetAppState => ({
   type: Actions.SET_APP_STATE,
@@ -369,8 +369,8 @@ export const notificationSpotlightSeen = (): NotificationSpotlightSeen => {
   }
 }
 
-export const toggleHideBalances = (): ToggleHideBalances => {
+export const toggleHideHomeBalances = (): ToggleHideHomeBalances => {
   return {
-    type: Actions.TOGGLE_HIDE_BALANCES,
+    type: Actions.TOGGLE_HIDE_HOME_BALANCES,
   }
 }
diff --git a/src/app/reducers.ts b/src/app/reducers.ts
index 47843d3ee9f..d994b4672eb 100644
--- a/src/app/reducers.ts
+++ b/src/app/reducers.ts
@@ -268,7 +268,7 @@ export const appReducer = (
         ...state,
         inAppReviewLastInteractionTimestamp: action.inAppReviewLastInteractionTimestamp,
       }
-    case Actions.TOGGLE_HIDE_BALANCES:
+    case Actions.TOGGLE_HIDE_HOME_BALANCES:
       return {
         ...state,
         hideHomeBalances: !state.hideHomeBalances,
diff --git a/src/components/TokenBalance.test.tsx b/src/components/TokenBalance.test.tsx
index 7baded406a6..409009461ab 100644
--- a/src/components/TokenBalance.test.tsx
+++ b/src/components/TokenBalance.test.tsx
@@ -681,6 +681,48 @@ describe('FiatExchangeTokenBalance and HomeTokenBalance', () => {
     expect(tree.getByTestId('EyeIcon')).toBeTruthy()
   })
 
+  it('renders correctly when feature flag is off, hideBalance is false', async () => {
+    jest
+      .mocked(getFeatureGate)
+      .mockImplementation(
+        (featureGate) =>
+          featureGate !== StatsigFeatureGates.SHOW_ASSET_DETAILS_SCREEN &&
+          featureGate !== StatsigFeatureGates.SHOW_HIDE_HOME_BALANCES_TOGGLE
+      )
+    const store = createMockStore(defaultStore)
+
+    const tree = render(
+      <Provider store={store}>
+        <HomeTokenBalance />
+      </Provider>
+    )
+
+    expect(getElementText(tree.getByTestId('TotalTokenBalance'))).toEqual('$8.41')
+    expect(tree.queryByTestId('EyeIcon')).toBeFalsy()
+    expect(tree.queryByTestId('HiddenEyeIcon')).toBeFalsy()
+  })
+
+  it('renders correctly when feature flag is off, hideBalance is true', async () => {
+    jest
+      .mocked(getFeatureGate)
+      .mockImplementation(
+        (featureGate) =>
+          featureGate !== StatsigFeatureGates.SHOW_ASSET_DETAILS_SCREEN &&
+          featureGate !== StatsigFeatureGates.SHOW_HIDE_HOME_BALANCES_TOGGLE
+      )
+    const store = createMockStore({ ...defaultStore, app: { hideHomeBalances: true } })
+
+    const tree = render(
+      <Provider store={store}>
+        <HomeTokenBalance />
+      </Provider>
+    )
+
+    expect(getElementText(tree.getByTestId('TotalTokenBalance'))).toEqual('$8.41')
+    expect(tree.queryByTestId('EyeIcon')).toBeFalsy()
+    expect(tree.queryByTestId('HiddenEyeIcon')).toBeFalsy()
+  })
+
   it('tracks analytics event when eye icon is pressed', async () => {
     const store = createMockStore(defaultStore)
 
diff --git a/src/components/TokenBalance.tsx b/src/components/TokenBalance.tsx
index 71975fe81af..db97e24ec4c 100644
--- a/src/components/TokenBalance.tsx
+++ b/src/components/TokenBalance.tsx
@@ -17,7 +17,7 @@ import { useDispatch, useSelector } from 'react-redux'
 import { hideAlert, showToast } from 'src/alert/actions'
 import { AssetsEvents, FiatExchangeEvents, HomeEvents } from 'src/analytics/Events'
 import ValoraAnalytics from 'src/analytics/ValoraAnalytics'
-import { toggleHideBalances } from 'src/app/actions'
+import { toggleHideHomeBalances } from 'src/app/actions'
 import { hideHomeBalancesSelector } from 'src/app/selectors'
 import Dialog from 'src/components/Dialog'
 import { formatValueToDisplay } from 'src/components/TokenDisplay'
@@ -55,11 +55,11 @@ import { getSupportedNetworkIdsForTokenBalances } from 'src/tokens/utils'
 function TokenBalance({
   style = styles.balance,
   singleTokenViewEnabled = true,
-  hideBalance = false,
+  showHideHomeBalancesToggle = false,
 }: {
   style?: StyleProp<TextStyle>
   singleTokenViewEnabled?: boolean
-  hideBalance?: boolean
+  showHideHomeBalancesToggle?: boolean
 }) {
   const supportedNetworkIds = getSupportedNetworkIdsForTokenBalances()
   const tokensWithUsdValue = useTokensWithUsdValue(supportedNetworkIds)
@@ -77,16 +77,25 @@ function TokenBalance({
       : undefined
   const { decimalSeparator } = getNumberFormatSettings()
 
+  const hideHomeBalanceState = useSelector(hideHomeBalancesSelector)
+  const hideBalance = showHideHomeBalancesToggle && hideHomeBalanceState
   const balanceDisplay = hideBalance ? `XX${decimalSeparator}XX` : totalBalanceLocal?.toFormat(2)
 
-  if (tokenFetchError || tokenFetchLoading || tokensAreStale) {
-    // Show '-' if we haven't fetched the tokens yet or prices are stale
+  const TotalTokenBalance = ({ balanceDisplay }: { balanceDisplay: string }) => {
     return (
-      <Text style={style} testID={'TotalTokenBalance'}>
-        {localCurrencySymbol}
-        {'-'}
-      </Text>
+      <View style={styles.row}>
+        <Text style={style} testID={'TotalTokenBalance'}>
+          {!hideBalance && localCurrencySymbol}
+          {balanceDisplay}
+        </Text>
+        {showHideHomeBalancesToggle && <HideBalanceButton hideBalance={hideBalance} />}
+      </View>
     )
+  }
+
+  if (tokenFetchError || tokenFetchLoading || tokensAreStale) {
+    // Show '-' if we haven't fetched the tokens yet or prices are stale
+    return <TotalTokenBalance balanceDisplay={'-'} />
   } else if (
     singleTokenViewEnabled &&
     tokensWithUsdValue.length === 1 &&
@@ -97,10 +106,7 @@ function TokenBalance({
       <View style={styles.oneBalance}>
         <Image source={{ uri: tokensWithUsdValue[0].imageUrl }} style={styles.tokenImg} />
         <View style={styles.column}>
-          <Text style={style} testID={'TotalTokenBalance'}>
-            {!hideBalance && localCurrencySymbol}
-            {balanceDisplay ?? '-'}
-          </Text>
+          <TotalTokenBalance balanceDisplay={balanceDisplay ?? '-'} />
           {!hideBalance && (
             <Text style={styles.tokenBalance}>
               {formatValueToDisplay(tokenBalance)} {tokensWithUsdValue[0].symbol}
@@ -110,13 +116,21 @@ function TokenBalance({
       </View>
     )
   } else {
-    return (
-      <Text style={style} testID={'TotalTokenBalance'}>
-        {!hideBalance && localCurrencySymbol}
-        {balanceDisplay ?? new BigNumber(0).toFormat(2)}
-      </Text>
-    )
+    return <TotalTokenBalance balanceDisplay={balanceDisplay ?? new BigNumber(0).toFormat(2)} />
+  }
+}
+
+function HideBalanceButton({ hideBalance }: { hideBalance: boolean }) {
+  const dispatch = useDispatch()
+  const eyeIconOnPress = () => {
+    ValoraAnalytics.track(hideBalance ? HomeEvents.show_balances : HomeEvents.hide_balances)
+    dispatch(toggleHideHomeBalances())
   }
+  return (
+    <Touchable onPress={eyeIconOnPress} hitSlop={variables.iconHitslop}>
+      {hideBalance ? <HiddenEyeIcon /> : <EyeIcon />}
+    </Touchable>
+  )
 }
 
 function useErrorMessageWithRefresh() {
@@ -218,7 +232,6 @@ export function AssetsTokenBalance({ showInfo }: { showInfo: boolean }) {
 
 export function HomeTokenBalance() {
   const { t } = useTranslation()
-  const dispatch = useDispatch()
 
   const totalBalance = useTotalTokenBalance()
   const tokenBalances = useTokensWithTokenBalance()
@@ -242,13 +255,6 @@ export function HomeTokenBalance() {
 
   const [infoVisible, setInfoVisible] = useState(false)
 
-  const hideBalance = useSelector(hideHomeBalancesSelector)
-
-  const eyeIconOnPress = () => {
-    ValoraAnalytics.track(hideBalance ? HomeEvents.show_balances : HomeEvents.hide_balances)
-    dispatch(toggleHideBalances())
-  }
-
   return (
     <View style={styles.container} testID="HomeTokenBalance">
       <View style={styles.title}>
@@ -278,19 +284,16 @@ export function HomeTokenBalance() {
           </TouchableOpacity>
         )}
       </View>
-      <View style={styles.row}>
-        <TokenBalance
-          style={
-            getFeatureGate(StatsigFeatureGates.SHOW_ASSET_DETAILS_SCREEN)
-              ? styles.totalBalance
-              : styles.balance
-          }
-          hideBalance={hideBalance}
-        />
-        <Touchable onPress={eyeIconOnPress} hitSlop={variables.iconHitslop}>
-          {hideBalance ? <HiddenEyeIcon /> : <EyeIcon />}
-        </Touchable>
-      </View>
+      <TokenBalance
+        style={
+          getFeatureGate(StatsigFeatureGates.SHOW_ASSET_DETAILS_SCREEN)
+            ? styles.totalBalance
+            : styles.balance
+        }
+        showHideHomeBalancesToggle={getFeatureGate(
+          StatsigFeatureGates.SHOW_HIDE_HOME_BALANCES_TOGGLE
+        )}
+      />
     </View>
   )
 }
diff --git a/src/statsig/constants.ts b/src/statsig/constants.ts
index c398b99bd2a..3cd5bb2fc98 100644
--- a/src/statsig/constants.ts
+++ b/src/statsig/constants.ts
@@ -42,6 +42,7 @@ export const FeatureGates = {
   [StatsigFeatureGates.USE_VIEM_FOR_WALLETCONNECT_TRANSACTIONS]: false,
   [StatsigFeatureGates.USE_NEW_RECIPIENT_SCREEN]: false,
   [StatsigFeatureGates.USE_NEW_SEND_FLOW]: false,
+  [StatsigFeatureGates.SHOW_HIDE_HOME_BALANCES_TOGGLE]: false,
 }
 
 export const ExperimentConfigs = {
diff --git a/src/statsig/types.ts b/src/statsig/types.ts
index faf35002111..3f64bb6b55c 100644
--- a/src/statsig/types.ts
+++ b/src/statsig/types.ts
@@ -40,6 +40,7 @@ export enum StatsigFeatureGates {
   USE_VIEM_FOR_WALLETCONNECT_TRANSACTIONS = 'use_viem_for_walletconnect_transactions',
   USE_NEW_RECIPIENT_SCREEN = 'use_new_recipient_screen',
   USE_NEW_SEND_FLOW = 'use_new_send_flow',
+  SHOW_HIDE_HOME_BALANCES_TOGGLE = 'show_hide_home_balances_toggle',
 }
 
 export enum StatsigExperiments {
diff --git a/src/transactions/feed/SwapFeedItem.test.tsx b/src/transactions/feed/SwapFeedItem.test.tsx
index c0fd0ad62dd..9468d1c30fe 100644
--- a/src/transactions/feed/SwapFeedItem.test.tsx
+++ b/src/transactions/feed/SwapFeedItem.test.tsx
@@ -2,6 +2,7 @@ import { render } from '@testing-library/react-native'
 import React from 'react'
 import { Provider } from 'react-redux'
 import { RootState } from 'src/redux/reducers'
+import { getFeatureGate } from 'src/statsig'
 import SwapFeedItem from 'src/transactions/feed/SwapFeedItem'
 import {
   Fee,
@@ -16,6 +17,8 @@ import { mockCeurTokenId, mockCusdTokenId } from 'test/values'
 
 const MOCK_TX_HASH = '0x006b866d20452a24d1d90c7514422188cc7c5d873e2f1ed661ec3f810ad5331c'
 
+jest.mock('src/statsig')
+
 jest.mock('src/web3/networkConfig', () => {
   const originalModule = jest.requireActual('src/web3/networkConfig')
   return {
@@ -33,6 +36,10 @@ jest.mock('src/web3/networkConfig', () => {
 })
 
 describe('SwapFeedItem', () => {
+  beforeEach(() => {
+    jest.clearAllMocks()
+    jest.mocked(getFeatureGate).mockReturnValue(true)
+  })
   function renderScreen({
     storeOverrides = {},
     inAmount,
@@ -117,7 +124,28 @@ describe('SwapFeedItem', () => {
     expect(getElementText(getByTestId('SwapFeedItem/outgoingAmount'))).toEqual('-17.54 cEUR')
   })
 
-  it('hides balance when flag is set', async () => {
+  it('still shows balances when feature gate false, hide balances root state true', async () => {
+    jest.mocked(getFeatureGate).mockReturnValue(false)
+    const { getByTestId } = renderScreen({
+      inAmount: {
+        tokenId: mockCeurTokenId,
+        value: 2.93,
+      },
+      outAmount: {
+        tokenId: mockCusdTokenId,
+        value: 2.87,
+      },
+    })
+
+    expect(getElementText(getByTestId('SwapFeedItem/title'))).toEqual('swapScreen.title')
+    expect(getElementText(getByTestId('SwapFeedItem/subtitle'))).toEqual(
+      'feedItemSwapPath, {"token1":"cUSD","token2":"cEUR"}'
+    )
+    expect(getElementText(getByTestId('SwapFeedItem/incomingAmount'))).toEqual('+2.93 cEUR')
+    expect(getElementText(getByTestId('SwapFeedItem/outgoingAmount'))).toEqual('-2.87 cUSD')
+  })
+
+  it('hides balance when feature gate true, root state hide home balances flag is set', async () => {
     const { queryByTestId } = renderScreen({
       inAmount: {
         tokenId: mockCeurTokenId,
diff --git a/src/transactions/feed/SwapFeedItem.tsx b/src/transactions/feed/SwapFeedItem.tsx
index eed17c6a2aa..9a5a1bba36c 100644
--- a/src/transactions/feed/SwapFeedItem.tsx
+++ b/src/transactions/feed/SwapFeedItem.tsx
@@ -9,6 +9,8 @@ import TokenDisplay from 'src/components/TokenDisplay'
 import Touchable from 'src/components/Touchable'
 import { navigate } from 'src/navigator/NavigationService'
 import { Screens } from 'src/navigator/Screens'
+import { getFeatureGate } from 'src/statsig'
+import { StatsigFeatureGates } from 'src/statsig/types'
 import colors from 'src/styles/colors'
 import fontStyles from 'src/styles/fonts'
 import variables from 'src/styles/variables'
@@ -29,7 +31,10 @@ function SwapFeedItem({ exchange }: Props) {
     navigate(Screens.TransactionDetailsScreen, { transaction: exchange })
     ValoraAnalytics.track(HomeEvents.transaction_feed_item_select)
   }
-  const hideBalance = useSelector(hideHomeBalancesSelector)
+
+  const hideHomeBalanceState = useSelector(hideHomeBalancesSelector)
+  const hideBalance =
+    getFeatureGate(StatsigFeatureGates.SHOW_HIDE_HOME_BALANCES_TOGGLE) && hideHomeBalanceState
 
   return (
     <Touchable testID="SwapFeedItem" onPress={handleTransferDetails}>
diff --git a/src/transactions/feed/TransferFeedItem.test.tsx b/src/transactions/feed/TransferFeedItem.test.tsx
index 919798878c1..5db8d548223 100644
--- a/src/transactions/feed/TransferFeedItem.test.tsx
+++ b/src/transactions/feed/TransferFeedItem.test.tsx
@@ -9,6 +9,7 @@ import FiatConnectQuote from 'src/fiatExchanges/quotes/FiatConnectQuote'
 import { CICOFlow } from 'src/fiatExchanges/utils'
 import { LocalCurrencyCode } from 'src/localCurrency/consts'
 import { RootState } from 'src/redux/reducers'
+import { getFeatureGate } from 'src/statsig'
 import TransferFeedItem from 'src/transactions/feed/TransferFeedItem'
 import {
   Fee,
@@ -41,6 +42,8 @@ const MOCK_CONTACT = {
   address: MOCK_ADDRESS,
 }
 
+jest.mock('src/statsig')
+
 jest.mock('src/web3/networkConfig', () => {
   const originalModule = jest.requireActual('src/web3/networkConfig')
   return {
@@ -58,6 +61,10 @@ jest.mock('src/web3/networkConfig', () => {
 })
 
 describe('TransferFeedItem', () => {
+  beforeEach(() => {
+    jest.clearAllMocks()
+    jest.mocked(getFeatureGate).mockReturnValue(true)
+  })
   function renderScreen({
     storeOverrides = {},
     type = TokenTransactionTypeV2.Sent,
@@ -618,7 +625,14 @@ describe('TransferFeedItem', () => {
     })
   })
 
-  it('hides balance when flag is set', async () => {
+  it('shows balance when feature gate false, root state hide home balances flag is set', async () => {
+    jest.mocked(getFeatureGate).mockReturnValue(false)
+    const { getByTestId } = renderScreen({ storeOverrides: { app: { hideHomeBalances: true } } })
+    expect(getByTestId('TransferFeedItem/amount')).toBeTruthy()
+    expect(getByTestId('TransferFeedItem/tokenAmount')).toBeTruthy()
+  })
+
+  it('hides balance when feature gate true, root state hide home balances flag is set', async () => {
     const { queryByTestId } = renderScreen({ storeOverrides: { app: { hideHomeBalances: true } } })
     expect(queryByTestId('TransferFeedItem/amount')).toBeNull()
     expect(queryByTestId('TransferFeedItem/tokenAmount')).toBeNull()
diff --git a/src/transactions/feed/TransferFeedItem.tsx b/src/transactions/feed/TransferFeedItem.tsx
index a33854fda75..83a51dda1e9 100644
--- a/src/transactions/feed/TransferFeedItem.tsx
+++ b/src/transactions/feed/TransferFeedItem.tsx
@@ -9,6 +9,8 @@ import TokenDisplay from 'src/components/TokenDisplay'
 import Touchable from 'src/components/Touchable'
 import { navigate } from 'src/navigator/NavigationService'
 import { Screens } from 'src/navigator/Screens'
+import { getFeatureGate } from 'src/statsig'
+import { StatsigFeatureGates } from 'src/statsig/types'
 import colors from 'src/styles/colors'
 import fontStyles from 'src/styles/fonts'
 import variables from 'src/styles/variables'
@@ -38,7 +40,9 @@ function TransferFeedItem({ transfer }: Props) {
 
   const colorStyle = new BigNumber(amount.value).isPositive() ? { color: colors.greenUI } : {}
 
-  const hideBalance = useSelector(hideHomeBalancesSelector)
+  const hideHomeBalanceState = useSelector(hideHomeBalancesSelector)
+  const hideBalance =
+    getFeatureGate(StatsigFeatureGates.SHOW_HIDE_HOME_BALANCES_TOGGLE) && hideHomeBalanceState
 
   return (
     <Touchable testID="TransferFeedItem" disabled={false} onPress={openTransferDetails}>