Linea Token Falls 25% After Airdrop as Network Activity Surges

$LINEA drops to $0.023 following heavy sell-offs, while active addresses, TVL, and stablecoin supply reach record levels.

Summary

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Terms & Concepts
  • Airdrop: A distribution of free tokens or coins to wallet addresses, typically used as a promotional strategy or reward.
  • Total Value Locked (TVL): The total capital held within a blockchain's smart contracts, often used to measure DeFi activity and ecosystem health.
  • Stablecoin: A cryptocurrency pegged to a stable asset, such as the US dollar, to minimize price volatility.