Linea token issuance, market value of US$500 million
Source: CoinWorld
Time: 2025-09-11 05:44:16
Linea, the Ethereum Layer 2 network, launched its token, LINEA, with a market cap of $550 million, but the price fell 20% to $382 million due to sell-off from airdrop receivers. The network also experienced up to 46 minutes of interruption due to a sorter issue with a large transaction. Like other Layer 2 tokens such as ARB and OP (which fell 80% from 2024 highs), LINEA’s TGE reflects a broader dilemma. Another 75% of the supply (valued at $1.27 billion) has not been allocated.