The head of the Linea project has stated that the team will hold off on launching its token generation event until the crypto market experiences a bullish trend again.
In a recent update, a team member responded to a poll regarding the project and its community, noting that approximately 1,000 users had cast their votes. The majority indicated they are still anticipating a Linea token airdrop.
According to the poll findings, the Linea team has decided to delay the launch of their token generation event until market conditions improve.
“My key observations are to enhance communication, reignite enthusiasm around the ecosystem, and elevate our standards across the board (after all, we are Consensys, and it’s time to showcase that), convert all the bears into bulls, and then proceed with the TGE,” the project representative said.
Currently, the crypto market is still in the process of recovery after a downturn on April 7, which saw major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) decline alongside stock markets in Asia, Europe, and the U.S. This drop occurred following the announcement of broad tariffs on imports from 180 countries and regions.
As of the latest update, the overall crypto market capitalization has increased by 1.8%, or roughly $200 billion, moving from $2.4 trillion to $2.6 trillion over the past 24 hours, according to data metrics.
In March, the previous Marketing Lead for Linea communicated within the Discord community that the executives and board were keen to finalize the TGE in the second quarter of 2025. However, the former lead has since left for an early-stage startup, and no further updates on the TGE have been provided.
Expectations for a Linea token airdrop
A user on X, known as LineaDegenLover, recently conducted a significant poll to gauge trader sentiment regarding the Linea initiative.
The polling indicated that 42.3% of respondents believe the TGE will take place in Q2 2025. Post-TGE, nearly 40% plan to sell the tokens received from the airdrop, while about 25% intend to hold on to their tokens. Notably, over 50% expressed a loss of faith in the project.
A betting pool on Polymarket, which concluded on April 1 with nearly $3.5 million in assets, reported a 90% likelihood for a Berachain (BERA) airdrop and an 89% chance for a Linear airdrop at the start of 2025. However, by April 1, while the Berachain airdrop materialized, the outcome for Linear turned out to be negative.
Linea is a zero-knowledge Ethereum Virtual Machine rollup created by Consensys on November 13. The associated organization operates as an independent Swiss non-profit, focused on promoting the protocol’s open-source decentralized technology and governance.
On the same day, the organization announced plans to unveil its native token by the end of Q1 2025, which holders can utilize to engage in the governance of the ecosystem.