Following a turbulent airdrop event, the value of LINEA has fallen by half since its launch yesterday.
Holders of the LINEA token are being promised potential future benefits, even as the token’s price experiences a sharp decline.
Joseph Lubin, co-founder of Ethereum and the blockchain infrastructure company Consensys, stated in a post on X dated Thursday, Sept. 11, that holding LINEA tokens could grant access to “additional reward opportunities, primarily in other tokens.”
He further noted that MetaMask—also developed by Consensys—and Linea are already collaborating to enable these rewards, although specifics regarding timing and amounts remain undisclosed.
“Owning LINEA tokens indicates that you are part of the Linea community and likely engaged in productive activities within the Linea Economy, such as building, providing liquidity or staking, using, and collecting,” Lubin wrote in his post.
According to Lubin, eligibility for future airdrops could depend on both the level of activity and the duration for which a wallet holds LINEA tokens.
“If, at some point in the future, we observe that you have held n LINEA tokens for m days, this could result in another token being deposited into your account. Higher values of n and m could potentially lead to larger rewards. This process could be repeated,” he explained.
Lubin’s comments come as LINEA faces a challenging debut, with its value halving in just one day as many airdrop recipients appear to be selling their tokens. At the time of writing, LINEA is priced at $0.023, representing a drop of over 50% from its peak, according to CoinGecko data.
As reported by The Defiant, despite the network’s mainnet having been operational for years, technical issues arose ahead of the token generation event. These problems included a 46-minute halt in block production overnight, leaving many users unable to claim their airdrops.
Fundfa Analysis
The sharp decline in LINEA’s value highlights the volatility often seen in newly launched tokens, especially when large-scale airdrops are involved. If Consensys successfully implements the promised reward mechanisms, it could encourage long-term holding and stabilize market sentiment. However, short-term price fluctuations may continue to impact investor confidence in the broader blockchain ecosystem.