The impending Linea airdrop claim deadline on December 9 has led to a significant sell-off, causing the token's price to drop nearly 8% within 24 hours. As of December 2, Linea traded at $0.00813, with technical indicators like the Relative Strength Index (RSI) showing oversold conditions and the MACD signaling a bearish trend.
Over 92% of the 750,000 eligible wallets have claimed their rewards, distributing over $230 million in assets. The Linea team stated that unclaimed tokens will revert to the alliance ecosystem fund to bolster the Ethereum ecosystem. Despite the current sell-off, updates to the Exponent project may enhance future price performance, with analysts forecasting a potential rebound if market conditions improve.
Linea Airdrop Deadline Triggers 8% Price Drop Amid Sell-Off
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
