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Linea Airdrop Claim Deadline Sparks Sell-Off as Token Price Drops 8%

Linea Airdrop Claim Deadline Sparks Sell-Off as Token Price Drops 8%

Author:

Global Cryptocurrency

Published:

2025-12-06 08:22:01

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3

BTCCSquare news:

The Linea token faced an 8% price decline within 24 hours as its airdrop claim deadline approaches on December 9. Over 750,000 wallets were eligible for the $230 million distribution, with 92% of rewards already claimed. Market analysts attribute the sell-off to airdrop farmers liquidating positions ahead of the cutoff.

TradingView charts show the token plummeting from $0.0096 to $0.00813 following the team's deadline reminder. Unclaimed rewards will revert to Linea's Ecosystem Fund to support ethereum development. The sell pressure highlights the volatility surrounding token distribution events, even in bullish market conditions.

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