LINEA (Linea) rose 5.75% in the last 24 hours.

Gate News Bot news, on September 15, according to CoinMarketCap data, LINEA (Linea) is currently priced at $0.03, with a 5.75% rise in the last 24 hours, peaking at $0.05 and dropping to a low of $0.02. The current market capitalization is approximately $471 million, an increase of $25.56 million from yesterday.

Important recent news about LINEA:

1️⃣ Consensys adjusts LINEA token allocation strategy Consensys transferred 15% of its LINEA tokens to the custodial service provider Qualified Custodian for long-term storage. This move aims to optimize token management and may have a positive impact on LINEA's long-term value.

2️⃣ Holding LINEA is expected to earn additional rewards Joseph Lubin, the founder of Consensys, stated that users holding LINEA tokens may receive additional token rewards in the future. The rewards could come from Consensys and partnership agreements, related to the quantity and duration of holdings. This plan is expected to enhance users' willingness to hold LINEA in the long term.

3️⃣ Mainnet performance issues raise concerns The LINEA mainnet has experienced a decline in sequencer performance, and maintenance of the block explorer has led to delays in data updates. These technical issues may affect user confidence and are potential factors in price fluctuations.

From a technical perspective, the LINEA price has rebounded from previous lows but remains in a range-bound zone. On the fundamental side, although there are technical issues, Consensys continues to introduce favorable policies, which may provide some support for LINEA.

This message does not constitute investment advice; investors should be aware of market volatility risks.