diff --git a/apps/indexer/lib/indexer/address/token_balances.ex b/apps/indexer/lib/indexer/address/token_balances.ex
index 4d47c0213a..eab8eaea91 100644
--- a/apps/indexer/lib/indexer/address/token_balances.ex
+++ b/apps/indexer/lib/indexer/address/token_balances.ex
@@ -30,11 +30,6 @@ defmodule Indexer.Address.TokenBalances do
         token_contract_address_hash: token_contract_address_hash,
         block_number: block_number
       })
-      |> MapSet.put(%{
-        address_hash: token_contract_address_hash,
-        token_contract_address_hash: token_contract_address_hash,
-        block_number: block_number
-      })
     end)
   end
 
diff --git a/apps/indexer/test/indexer/address/token_balances_test.exs b/apps/indexer/test/indexer/address/token_balances_test.exs
index 885d42dcb9..3751fa4703 100644
--- a/apps/indexer/test/indexer/address/token_balances_test.exs
+++ b/apps/indexer/test/indexer/address/token_balances_test.exs
@@ -29,7 +29,7 @@ defmodule Indexer.Address.TokenBalancesTest do
 
       params_set = TokenBalances.params_set(%{token_transfers_params: [token_transfer_params]})
 
-      assert MapSet.size(params_set) == 3
+      assert MapSet.size(params_set) == 2
       assert %{address_hash: from_address_hash, block_number: block_number}
       assert %{address_hash: to_address_hash, block_number: block_number}
       assert %{address_hash: token_contract_address_hash, block_number: block_number}