Linea Airdrop Claim Deadline Sparks Panic Selling and Price Drop

Linea Airdrop Claim Deadline Sparks Panic Selling and Price Drop

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by Jesper Sørensen

a year ago

Made with AI

As the deadline for claiming the Linea airdrop on December 9 draws near, the cryptocurrency market is experiencing a notable decline. According to the authors of the publication, it is concerning that this unexpected downturn has caught many traders off guard, particularly those who were hoping for price stability leading up to the event.

Price Decline of Linea Coin

In the last 24 hours, the price of Linea Coin has plummeted nearly 8%, dropping from $0.00096 to $0.000813. This sharp decline has triggered panic selling among investors, who are reacting to the final reminder of the airdrop claim deadline.

Airdrop Rewards Distribution

The Linea team has announced that a total of 230 million rewards will be distributed across 750,000 wallets, with an impressive 92% of these rewards already claimed. As traders navigate this bearish trend, they are closely monitoring key support and resistance levels to determine their next moves in this volatile market.

As the cryptocurrency market faces a decline ahead of the Linea airdrop, Bitcoin's recent rally has also encountered challenges, leading to a significant price drop. For more details, see the full story on the Bitcoin rally.

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