diff --git a/app/scripts/migrations/050.js b/app/scripts/migrations/050.js
new file mode 100644
index 000000000..af2873873
--- /dev/null
+++ b/app/scripts/migrations/050.js
@@ -0,0 +1,32 @@
+import { cloneDeep } from 'lodash'
+
+const version = 50
+
+const LEGACY_LOCAL_STORAGE_KEYS = [
+  'METASWAP_GAS_PRICE_ESTIMATES_LAST_RETRIEVED',
+  'METASWAP_GAS_PRICE_ESTIMATES',
+  'cachedFetch',
+  'BASIC_PRICE_ESTIMATES_LAST_RETRIEVED',
+  'BASIC_PRICE_ESTIMATES',
+  'BASIC_GAS_AND_TIME_API_ESTIMATES',
+  'BASIC_GAS_AND_TIME_API_ESTIMATES_LAST_RETRIEVED',
+  'GAS_API_ESTIMATES_LAST_RETRIEVED',
+  'GAS_API_ESTIMATES',
+]
+
+/**
+ * Migrate metaMetrics state to the new MetaMetrics controller
+ */
+export default {
+  version,
+  async migrate(originalVersionedData) {
+    const versionedData = cloneDeep(originalVersionedData)
+    versionedData.meta.version = version
+
+    LEGACY_LOCAL_STORAGE_KEYS.forEach((key) =>
+      window.localStorage.removeItem(key),
+    )
+
+    return versionedData
+  },
+}
diff --git a/app/scripts/migrations/index.js b/app/scripts/migrations/index.js
index 007a5ae06..32424673e 100644
--- a/app/scripts/migrations/index.js
+++ b/app/scripts/migrations/index.js
@@ -54,6 +54,7 @@ const migrations = [
   require('./047').default,
   require('./048').default,
   require('./049').default,
+  require('./050').default,
 ]
 
 export default migrations
diff --git a/test/helper.js b/test/helper.js
index cbd47c312..38462c6ca 100644
--- a/test/helper.js
+++ b/test/helper.js
@@ -76,8 +76,9 @@ Object.assign(window, { fetch, Headers, Request, Response })
 require('abortcontroller-polyfill/dist/polyfill-patch-fetch')
 
 // localStorage
-window.localStorage = {}
-
+window.localStorage = {
+  removeItem: () => null,
+}
 // override @metamask/logo
 window.requestAnimationFrame = () => undefined
 
diff --git a/test/unit/migrations/050-test.js b/test/unit/migrations/050-test.js
new file mode 100644
index 000000000..fea2f1b06
--- /dev/null
+++ b/test/unit/migrations/050-test.js
@@ -0,0 +1,89 @@
+import { strict as assert } from 'assert'
+import sinon from 'sinon'
+import migration50 from '../../../app/scripts/migrations/050'
+
+const LEGACY_LOCAL_STORAGE_KEYS = [
+  'METASWAP_GAS_PRICE_ESTIMATES_LAST_RETRIEVED',
+  'METASWAP_GAS_PRICE_ESTIMATES',
+  'cachedFetch',
+  'BASIC_PRICE_ESTIMATES_LAST_RETRIEVED',
+  'BASIC_PRICE_ESTIMATES',
+  'BASIC_GAS_AND_TIME_API_ESTIMATES',
+  'BASIC_GAS_AND_TIME_API_ESTIMATES_LAST_RETRIEVED',
+  'GAS_API_ESTIMATES_LAST_RETRIEVED',
+  'GAS_API_ESTIMATES',
+]
+
+describe('migration #50', function () {
+  let mockLocalStorageRemoveItem
+
+  beforeEach(function () {
+    mockLocalStorageRemoveItem = sinon.stub(window.localStorage, 'removeItem')
+  })
+
+  afterEach(function () {
+    sinon.restore()
+  })
+
+  it('should update the version metadata', async function () {
+    const oldStorage = {
+      meta: {
+        version: 49,
+      },
+      data: {},
+    }
+
+    const newStorage = await migration50.migrate(oldStorage)
+    assert.deepEqual(newStorage.meta, {
+      version: 50,
+    })
+  })
+
+  it('should call window.localStorage.removeItem for each legacy key', async function () {
+    const oldStorage = {
+      meta: {
+        version: 49,
+      },
+      data: {},
+    }
+
+    await migration50.migrate(oldStorage)
+    assert.equal(mockLocalStorageRemoveItem.callCount, 9)
+    assert.equal(
+      mockLocalStorageRemoveItem.getCall(0).args[0],
+      LEGACY_LOCAL_STORAGE_KEYS[0],
+    )
+    assert.equal(
+      mockLocalStorageRemoveItem.getCall(1).args[0],
+      LEGACY_LOCAL_STORAGE_KEYS[1],
+    )
+    assert.equal(
+      mockLocalStorageRemoveItem.getCall(2).args[0],
+      LEGACY_LOCAL_STORAGE_KEYS[2],
+    )
+    assert.equal(
+      mockLocalStorageRemoveItem.getCall(3).args[0],
+      LEGACY_LOCAL_STORAGE_KEYS[3],
+    )
+    assert.equal(
+      mockLocalStorageRemoveItem.getCall(4).args[0],
+      LEGACY_LOCAL_STORAGE_KEYS[4],
+    )
+    assert.equal(
+      mockLocalStorageRemoveItem.getCall(5).args[0],
+      LEGACY_LOCAL_STORAGE_KEYS[5],
+    )
+    assert.equal(
+      mockLocalStorageRemoveItem.getCall(6).args[0],
+      LEGACY_LOCAL_STORAGE_KEYS[6],
+    )
+    assert.equal(
+      mockLocalStorageRemoveItem.getCall(7).args[0],
+      LEGACY_LOCAL_STORAGE_KEYS[7],
+    )
+    assert.equal(
+      mockLocalStorageRemoveItem.getCall(8).args[0],
+      LEGACY_LOCAL_STORAGE_KEYS[8],
+    )
+  })
+})