Linea token fell 20% to $0.024. Joseph Lubin said long-term holders could earn future rewards from Consensys and ecosystem projects.

Linea token falls 20%, Lubin promises rewards for holders

The Linea token saw a sharp decline following its token generation event (TGE), but Consensys founder Joseph Lubin suggested long-term holders may be rewarded in the future.

Lubin teases rewards for long-term holders

In a Thursday X post, Lubin hinted that users who keep their tokens for extended periods could qualify for future distributions — both from Consensys and other ecosystem projects.
He explained that holding tokens signals membership in the Linea community and engagement in its economy.

“If we notice, at some date in the future, that you’ve held n LINEA tokens for m days, that just might lead to another token landing in your account,” Lubin wrote, adding that MetaMask and Linea are preparing something together.

Token generation event and allocation

The Linea TGE took place on Wednesday. The project announced that 85% of LINEA tokens will be allocated to the ecosystem, while 15% will go to the Consensys treasury.

Community questions token utility

Community reactions were divided:

• One user urged the team to introduce staking and lending options for Linea.
• Another dismissed the asset as a “memecoin” without utility.
• Some suggested buyback strategies might be more effective than distributing other tokens.

Linea price drops over 20%

CoinGecko data shows the Linea price hit $0.046 after the TGE but quickly tumbled. At the time of writing, Linea trades at about $0.024, down more than 20% in the last 24 hours.

Conclusion

Linea faces pressure from its recent market debut. While Lubin’s promise of rewards may encourage holding, many in the community still want practical use cases. Upcoming steps from Consensys and MetaMask could determine whether the Linea token regains momentum.