Early Selling Pressure: Linea Token Plunges
Pre-market trading for the Linea (LINEA) token has begun, providing traders with early access to the asset before its TGE. Now available are pre-market contracts with leverages of up to 5x on Binance, up to 10x on Bybit Alpha, and 3x on Hyperliquid. There are several ways to speculate about LINEA before its formal release due to these listings.
LINEA is currently trading at $0.052 in pre-market, 34.64% lower than its opening price of $0.08, according to Binance market data. Optimism’s ~$3 billion is slightly higher than Arbitrum‘s ~$5 billion. Among the main L2s, it gives investors a precise point of reference for the token’s initial market price.
Linea Redefines Layer-2 Tokenomics: No Gas, No Governance, Just Incentives
The team has previously stated that airdrop criteria and event specifics will be provided at least one week before the Linea TGE. However, the precise date has not been disclosed. The token launch has been timed with purposeful caution by the project. After a protracted bear market, the team waited for market conditions to improve before moving forward with the TGE, according to Declan Fox, product head at Linea. He prioritized long-term ecosystem development over short-term financial benefit.
Linea Airdrop Details Coming Soon, But TGE Date Still Under Wraps
ConsenSys created Linea, a zero-knowledge EVM rollup intended to offer effective and scalable smart contract capabilities. In contrast to other layer-2 networks, Linea has designed its tokenomics in such a way that Etherem is the only gas token, and LINEA itself is used as a finance and incentive mechanism instead of for gas or governance.
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