Linea’s long-awaited token debut hasn’t gone smoothly. Within a day of its token generation event (TGE), the price of LINEA dropped over 20%, falling from a launch peak of $0.046 to around $0.024, according to CoinGecko.
Many early recipients quickly sold their allocations, leaving the community debating whether the project has enough utility to sustain value.
Critics on X were blunt: some dismissed LINEA as a “memecoin,” while others demanded staking and lending features to give the token purpose. A few floated token buybacks as a better incentive than simply handing out more tokens.
Lubin Pushes Back With a Long-Term Pitch
In the middle of the backlash, Consensys founder Joseph Lubin stepped in with a message aimed at patient holders. He suggested that users who keep their tokens for an extended period could be rewarded in the future — not only with Linea-related benefits but potentially with tokens from Consensys and partner projects.
“If at some point we see that you’ve held a certain number of LINEA tokens for a set time, that might trigger additional rewards,” Lubin teased, adding that MetaMask and Linea are collaborating on something new. His remarks reframed holding as a signal of true community engagement, hinting that loyalty could pay off.
Ecosystem First, Treasury Second
The token launch allocated 85% of the supply to ecosystem initiatives, with the remaining 15% directed to the Consensys treasury. That distribution reflects Linea’s pitch as a long-term infrastructure play rather than a short-term trading vehicle. Still, without clear utility, investors remain cautious.
For now, Linea sits at a crossroads: the token’s rocky debut has fueled skepticism, but Lubin’s promise of future rewards could give holders reason to stick around — if the team delivers on those hints.
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