CryptoEconomist_
LINEA Token Under Pressure as 1.38B Large-Scale Unlock Sparks Selling Pressure
The past 24 hours, LINEA dropped 2.4%, showing weak performance amid a flat market. What is the trigger? The latest token unlock event.
According to data, this unlock released 1.38B LINEA tokens, worth approximately $14.6 million, accounting for 6.76% of the circulating supply. The influx of new supply immediately created noticeable selling pressure.
The technical outlook is also not optimistic. The RSI indicator fell to 29, entering the oversold zone, but this did not support a price rebound—prices are still hoveri
The past 24 hours, LINEA dropped 2.4%, showing weak performance amid a flat market. What is the trigger? The latest token unlock event.
According to data, this unlock released 1.38B LINEA tokens, worth approximately $14.6 million, accounting for 6.76% of the circulating supply. The influx of new supply immediately created noticeable selling pressure.
The technical outlook is also not optimistic. The RSI indicator fell to 29, entering the oversold zone, but this did not support a price rebound—prices are still hoveri
LINEA-3.19%