LINEA (Linea) fell 8.16% in the last 24 hours.

Gate News Bot news, on September 17, according to CoinMarketCap data, LINEA (Linea) is currently priced at $0.03, having fallen 8.16% in the last 24 hours, with a high of $0.05 and a low of $0.02. The current market capitalization is approximately $397 million, which is a decrease of about $35.3034 million compared to yesterday.

Important news about LINEA recently:

1️⃣ LINEA officially launches Alpha trading LINEA has officially launched trading on the Alpha platform of Gate exchange. This move will provide LINEA with more liquidity and trading opportunities, and is expected to increase its market exposure and user base.

2️⃣ Consensys adjusts token distribution strategy Consensys has transferred 15% of its LINEA tokens to the qualified custodian for long-term storage. This move aims to optimize token management and may have a positive impact on LINEA's long-term value and market stability.

3️⃣ Holding Incentive Program Announcement Joseph Lubin, the founder of Consensys, stated that users holding LINEA tokens may receive additional token rewards in the future. The rewards may come from Consensys and cooperative agreements, related to the amount held and the duration. This plan is expected to enhance users' willingness to hold LINEA for the long term, potentially reducing market selling pressure.

From a technical perspective, the price of LINEA has shown a volatile trend recently, fluctuating between $0.02 and $0.05. Fundamentally, although there are new trading platforms supporting and incentivizing policies, the market's reaction remains cautious. In the short term, the price of LINEA may continue to be influenced by the overall sentiment of the cryptocurrency market and the specific implementation of the project.

This message is not an investment advice; investors should be aware of market volatility risks.