The post Why Linea Token Price Down by 27% appeared first on Coinpedia Fintech News
Linea, Ethereum’s Layer-2 scaling project, is making headlines for all the wrong reasons. Its newly launched token, LINEA, has crashed 27% in a single day, now trading near $0.023. What was expected to be a strong debut has turned into one of 2025’s most turbulent launches, fueled by airdrop backlash, heavy whale sell-offs, and growing anger over how the tokens were distributed.
Linea Token Airdrop Fallout
The first wave of trouble began during Linea’s much-awaited airdrop, which was supposed to reward early adopters. More than 9.36 billion tokens were released to nearly 750,000 wallets, but many users couldn’t claim them right away.
While Binance users received their tokens instantly, many in the community were locked out due to delays.
Analysts later revealed that the airdrop contract itself had been funded late, allowing exchange users to sell first. This sparked frustration
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