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More than two years after launching its mainnet, Ethereum Layer 2 network Linea has conducted its token generation event (TGE).LINEA launched today at a $550 million market capitalization, but has struggled so far as airdrop recipients claim and sell their tokens. It’s down 20% so far to a $382 million market capitalization, or a $1.7 billion fully diluted valuation (FDV).

More than two years after launching its mainnet, Ethereum Layer 2 network Linea has conducted its token generation event (TGE).LINEA launched today at a $550 million market capitalization, but has struggled so far as airdrop recipients claim and sell their tokens. It’s down 20% so far to a $382 million market capitalization, or a $1.7 billion fully diluted valuation (FDV).
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