LINEA Launches Trading at $0.04582 with $700 Million Market Cap

After its Binance launch, the token's price settled around $0.033, establishing a circulating market cap of $520 million and a fully diluted valuation of $2.38 billion.

Summary

Following its spot trading launch on Binance, LINEA's price briefly hit $0.04353 before settling at $0.033. After an initial debut price of $0.04582 and a peak market cap of ~$700 million, its circulating market capitalization is now $520 million with 15.8 billion tokens in circulation. The token's fully diluted valuation is $2.38 billion.

Terms & Concepts
  • Market Capitalization: The total market value of a cryptocurrency, calculated by multiplying its price by its circulating supply.
  • Fully Diluted Valuation (FDV): The theoretical market capitalization of a project if its total token supply were in circulation, calculated by multiplying the token price by the total supply.
  • Circulating Supply: The number of cryptocurrency coins or tokens that are publicly available and circulating in the market.