The post Linea to wait out bear market before launching native token appeared on BitcoinEthereumNews.com.

Linea product head says the project will wait for the crypto market to turn bullish again before launching its token generation event. In a recent post, Declan Fox responds to the results of a poll regarding the project and its community. So far, around 1,000 users have voted on the polls and most have expressed that they are still waiting on a Linea token airdrop to happen. Based on the poll results, Fox revealed that the team behind the Consensys-backed protocol has chosen to wait for the market to turn bullish again before launching a TGE. “My takeaways are still to improve communication, reignite excitement around the ecosystem and raise standards across the board (we are Consensys and it’s time to show that), flip all the bears to bulls and then TGE,” said Fox. Good to see the feedback. My takeaways are still to improve communication, reignite excitement around the ecosystem and raise standards across the board (we are Consensys and it’s time to show that), flip all the bears to bulls and then TGE 🫡 — Declan Fox (@DeclanFox14) April 7, 2025 At the moment, the crypto market is still in recovery mode after experiencing a slump on April 7. Major tokens like Bitcoin (BTC), Ethereum (ETH) and Solana (SOL) crashed alongside the stocks in Asian, European and U.S. markets after President Trump introduced blanket tariffs on imported goods from 180 countries and regions. At press time, the overall crypto market cap has risen by 1.8% or around $200 billion, from $2.4 trillion to $2.6 trillion in the past 24 hours of trading, according to data from CoinGecko. In March, former Marketing Lead of Linea, Christopher Kocurek, said in a message to the Discord community that Consensys executives and the project’s board of directors were intent on making the…

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Filed under: News - @ April 9, 2025 5:26 am