LINEA Token Price Dips Below $0.024 Before Event Recovery

Following listings on OKX and Binance, the LINEA token experienced significant price fluctuations, surging on both platforms before correcting, which highlights strong but volatile initial market interest.

Summary

Linea (LINEA) debuted on OKX with its price climbing from $0.037 to $0.055 before settling near $0.045. Following its spot trading launch on Binance, the price briefly surged to $0.04353 before settling around $0.033. The initial circulating supply is 15.8 billion tokens (22% of total). This resulted in a circulating market capitalization of $711 million post-OKX listing, which later adjusted to $520 million based on the Binance trading price.

Terms & Concepts
  • Circulating Supply: The number of cryptocurrency tokens that are publicly available and actively traded in the market.
  • Market Capitalization (Market Cap): The total value of a cryptocurrency, calculated by multiplying its current price by its circulating supply.
  • Fully Diluted Valuation (FDV): An estimate of a cryptocurrency's market value if all tokens were issued and circulating at the current price.