Linea to wait out bear market before launching native token

Here’s why Pi Network, Jasmy, LTC, Ethena, and altcoins are down

Linea product head says the project will wait for the crypto market to turn bullish again before launching its token generation event.

Here’s why Pi Network, Jasmy, LTC, Ethena, and altcoins are down

In a recent post, Declan Fox responds to the results of a poll regarding the project and its community. So far, around 1,000 users have voted on the polls and most have expressed that they are still waiting on a Linea token airdrop to happen. Based on the poll results, Fox revealed that the team behind the Consensys-backed protocol has chosen to wait for the market to turn bullish again before launching a TGE.

Here’s why Pi Network, Jasmy, LTC, Ethena, and altcoins are down

In March, former Marketing Lead of Linea, Christopher Kocurek, said in a message to the Discord community that Consensys executives and the project’s board of directors were intent on making the TGE happen in the second quarter of 2025. However, Kocurek has since left the project and joined an “early-stage startup” and no news about the TGE has come about since. Based on the poll results, 42.3% of users believe the TGE will occur in Q2 2025. After the TGE, nearly 40% of users plan to sell the tokens gained from the airdrop, while nearly 25% of them say they will hold onto their tokens after the airdrop. However, more than 50% admitted that they no longer have faith in the project anymore.