Ethereum Layer 2 Linea to Launch Token Next Week
Ethereum Layer 2 network Linea is gearing up for its long-awaited token release, but it appears that pre-market traders are bearish on the Consensys-backed blockchain.
Linea announced its upcoming token generation event (TGE) on Sept. 3, with a target launch date of Sept. 10. A pre-market derivative was quickly launched on Hyperliquid and opened at $0.06 per token, implying a $6 billion valuation, but has since fallen to $0.027, or $2.7 billion.
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