Linea’s token price has taken a steep hit after its recent token generation event (TGE), but Consensys founder Joseph Lubin is hinting that patient holders could be in for future rewards.
Linea Price Falls After Token Generation Event
Crypto price tracker CoinGecko shows that the Linea (LINEA) token is trading at $0.024 at the time of writing — down more than 20% in the past 24 hours. The drop comes just one day after Linea’s highly anticipated TGE, which allocated 85% of tokens to the ecosystem and 15% to the Consensys treasury.
Linea briefly hit $0.046 post-airdrop before sliding to current levels, as many users rushed to sell their tokens.
Lubin Teases Rewards for Long-Term Holders
In a post on X (formerly Twitter), Joseph Lubin, co-founder of Consensys and the visionary behind Linea, teased the possibility of future incentives for loyal holders.
Lubin suggested that users who hold their LINEA tokens over a certain period could become eligible for additional distributions, potentially including tokens from Consensys and other ecosystem projects.
“If we notice, at some date in the future, that you’ve held n LINEA tokens for m days, that just might lead to another token landing in your account,” Lubin wrote, adding that MetaMask and Linea are preparing something together.
This statement sparked renewed interest from the community, with many speculating about possible staking rewards, airdrops, or ecosystem token partnerships.
Community Calls for Staking and Utility
Lubin’s comments were in direct response to community concerns over Linea’s token utility. One user urged the team to enable staking or lending features to encourage holding, while others called for buyback programs instead of additional token rewards.
Some critics even labeled Linea a “memecoin,” arguing that it currently lacks utility and only incentivizes users to hold in hopes of future rewards.
What’s Next for LINEA?
Despite the price drop, Lubin’s comments may encourage some holders to keep their tokens in anticipation of rewards. With 85% of supply dedicated to the ecosystem, there’s potential for future token utility, governance mechanisms, or DeFi integrations.
For now, traders will be watching closely to see whether Linea can recover from its post-airdrop sell-off — or whether Lubin’s hints will be enough to strengthen long-term holder confidence.
