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LINEA's taking a beating—down 9% in the last day as traders brace for impact. The culprit? A monster token unlock dropping November 10th: $40.67 million worth of LINEA flooding the market.
We're talking 1.02 billion tokens—that's 18.4% of total supply hitting circulation. Not exactly comforting when you look at the track record: similar unlocks tend to trigger sell-offs. The chart's already ugly: 65% drop over three months.
Market's pricing in the fear. Whether it's justified or overblown, that unlock date is circled in red on every holder's calendar.