Linea whales crash price as airdrop tokens lead to sell pressure

The LINEA token immediately lost over 21% of its price as whales rushed to sell their holdings after its TGE and airdrop ￰0￱ is no longer a tokenless L2 protocol, after finally launching its native LINEA ￰1￱ long-awaited asset immediately gained centralized markets, with listings on OKX and KuCoin. However, this did not stop the initial ￰2￱ launched with losses of over 33% in the first hours of ￰3￱ sank to lows of $0.023 as trading started with an inital 15B ￰4￱ total, LINEA will unleash 72B tokens into the ecosystem over an 11-year vesting ￰5￱ fell by over 33%, facing immediate selling pressure from airdrop recipients. |) September 8, 2025 Currently, there is enough LINEA supply for selling ￰6￱ token is also directly heading into daily linear unlocks , suggesting price discovery may bring the asset to a lower ￰7￱ LINEA launch with a small free float resembles previous TGE, where the asset faced selling pressure over the ￰8￱ token sees limited buying on opening day Even after a dip to a lower range, LINEA saw relatively limited buying ￰9￱ new token still mostly relies on spot ￰10￱ chain carried around 49K daily active users after the airdrop, enough to move tokens for selling.

Additionally, some of the airdrops have happened through exchange tokens, accelerating the ￰11￱ holders can also keep selling until a much lower range before buying resumes. Currently, demand for LINEA tokens may be limited, as the L2 chain still grows its ecosystem. However, the presence of a native token boosted the chain’s DeFi with more trading ￰12￱ now carries a record $1.36B in value locked when accounting for the new native token’s value. Formerly, the L2 chain had a relatively small DeFi sector, with under $200M in value.

Currently, Linea carries around 1% of the market share of all L2 ￰13￱ economic activity on those chains accelerated in the past months, but was concentrated on Arbitrum and ￰14￱ was shortly competing with the top chains, during its most active point farming ￰15￱ the airdrop, Linea is back on the map among L2 chains based on value ￰16￱ crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites