diff --git a/CHANGELOG.md b/CHANGELOG.md
index c8caf7d10a..d2f63b453c 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -8,6 +8,7 @@
 - [#4931](https://github.com/blockscout/blockscout/pull/4931) - Web3 modal with Wallet Connect for Write contract page and Staking Dapp
 
 ### Fixes
+- [#5020](https://github.com/blockscout/blockscout/pull/5020) - Token instance image display imrovement
 - [#5019](https://github.com/blockscout/blockscout/pull/5019) - Fix fetch_last_token_balance function termination
 - [#5011](https://github.com/blockscout/blockscout/pull/5011) - Fix `0x0` implementation address
 - [#5008](https://github.com/blockscout/blockscout/pull/5008) - Extend decimals cap in format_according_to_decimals up to 24
diff --git a/apps/block_scout_web/lib/block_scout_web/views/tokens/instance/overview_view.ex b/apps/block_scout_web/lib/block_scout_web/views/tokens/instance/overview_view.ex
index 2e396b2b50..4d61ff571b 100644
--- a/apps/block_scout_web/lib/block_scout_web/views/tokens/instance/overview_view.ex
+++ b/apps/block_scout_web/lib/block_scout_web/views/tokens/instance/overview_view.ex
@@ -12,6 +12,7 @@ defmodule BlockScoutWeb.Tokens.Instance.OverviewView do
   import BlockScoutWeb.APIDocsView, only: [blockscout_url: 1, blockscout_url: 2]
 
   @tabs ["token-transfers", "metadata"]
+  @stub_image "/images/controller.svg"
 
   def token_name?(%Token{name: nil}), do: false
   def token_name?(%Token{name: _}), do: true
@@ -22,7 +23,7 @@ defmodule BlockScoutWeb.Tokens.Instance.OverviewView do
   def total_supply?(%Token{total_supply: nil}), do: false
   def total_supply?(%Token{total_supply: _}), do: true
 
-  def media_src(nil), do: "/images/controller.svg"
+  def media_src(nil), do: @stub_image
 
   def media_src(instance) do
     result =
@@ -150,10 +151,17 @@ defmodule BlockScoutWeb.Tokens.Instance.OverviewView do
     |> tab_name()
   end
 
+  defp retrieve_image(image) when is_nil(image), do: @stub_image
+
   defp retrieve_image(image) when is_map(image) do
     image["description"]
   end
 
+  defp retrieve_image(image) when is_list(image) do
+    image_url = image |> Enum.at(0)
+    retrieve_image(image_url)
+  end
+
   defp retrieve_image(image_url) do
     image_url
     |> URI.encode()
diff --git a/apps/block_scout_web/priv/gettext/default.pot b/apps/block_scout_web/priv/gettext/default.pot
index df65d5a225..3f33bae0fb 100644
--- a/apps/block_scout_web/priv/gettext/default.pot
+++ b/apps/block_scout_web/priv/gettext/default.pot
@@ -1534,7 +1534,7 @@ msgstr ""
 
 #, elixir-format
 #: lib/block_scout_web/templates/tokens/instance/metadata/index.html.eex:18
-#: lib/block_scout_web/templates/tokens/instance/overview/_tabs.html.eex:10 lib/block_scout_web/views/tokens/instance/overview_view.ex:179
+#: lib/block_scout_web/templates/tokens/instance/overview/_tabs.html.eex:10 lib/block_scout_web/views/tokens/instance/overview_view.ex:187
 msgid "Metadata"
 msgstr ""
 
@@ -2582,7 +2582,7 @@ msgstr ""
 #: lib/block_scout_web/templates/tokens/instance/transfer/index.html.eex:16 lib/block_scout_web/templates/tokens/overview/_tabs.html.eex:3
 #: lib/block_scout_web/templates/tokens/transfer/index.html.eex:14 lib/block_scout_web/templates/transaction/_tabs.html.eex:4
 #: lib/block_scout_web/templates/transaction_token_transfer/index.html.eex:7 lib/block_scout_web/views/address_view.ex:348
-#: lib/block_scout_web/views/tokens/instance/overview_view.ex:178 lib/block_scout_web/views/tokens/overview_view.ex:41
+#: lib/block_scout_web/views/tokens/instance/overview_view.ex:186 lib/block_scout_web/views/tokens/overview_view.ex:41
 #: lib/block_scout_web/views/transaction_view.ex:511
 msgid "Token Transfers"
 msgstr ""
diff --git a/apps/block_scout_web/priv/gettext/en/LC_MESSAGES/default.po b/apps/block_scout_web/priv/gettext/en/LC_MESSAGES/default.po
index df65d5a225..3f33bae0fb 100644
--- a/apps/block_scout_web/priv/gettext/en/LC_MESSAGES/default.po
+++ b/apps/block_scout_web/priv/gettext/en/LC_MESSAGES/default.po
@@ -1534,7 +1534,7 @@ msgstr ""
 
 #, elixir-format
 #: lib/block_scout_web/templates/tokens/instance/metadata/index.html.eex:18
-#: lib/block_scout_web/templates/tokens/instance/overview/_tabs.html.eex:10 lib/block_scout_web/views/tokens/instance/overview_view.ex:179
+#: lib/block_scout_web/templates/tokens/instance/overview/_tabs.html.eex:10 lib/block_scout_web/views/tokens/instance/overview_view.ex:187
 msgid "Metadata"
 msgstr ""
 
@@ -2582,7 +2582,7 @@ msgstr ""
 #: lib/block_scout_web/templates/tokens/instance/transfer/index.html.eex:16 lib/block_scout_web/templates/tokens/overview/_tabs.html.eex:3
 #: lib/block_scout_web/templates/tokens/transfer/index.html.eex:14 lib/block_scout_web/templates/transaction/_tabs.html.eex:4
 #: lib/block_scout_web/templates/transaction_token_transfer/index.html.eex:7 lib/block_scout_web/views/address_view.ex:348
-#: lib/block_scout_web/views/tokens/instance/overview_view.ex:178 lib/block_scout_web/views/tokens/overview_view.ex:41
+#: lib/block_scout_web/views/tokens/instance/overview_view.ex:186 lib/block_scout_web/views/tokens/overview_view.ex:41
 #: lib/block_scout_web/views/transaction_view.ex:511
 msgid "Token Transfers"
 msgstr ""