$LINEA

MetaMask Rewards Program:

MetaMask (also by Consensys) launched a $30 million (in value) LINEA token distribution for Season 1 rewards, running for 90 days and rewarding activities like swaps, perps, and referrals.

This has sparked fears of sell pressure, as users earn and potentially dump tokens.

Posts on X highlight this as a major contributor to the dip, with some calling it a "side reward" while focusing on potential MetaMask ($MASK) and Hyperliquid ($HYPE) airdrops

The program equates to about 15% of Linea's market cap, exacerbating short-term selling.