LINEA: Market Cap Falls from $1.4B to $50M

LINEA token has collapsed from a $1.4B market cap to roughly $50M, prompting sharp criticism from long-term users who accumulated through years of activity on the Ethereum L2.

One prominent voice detailed paying fees for nearly three years, claiming an airdrop, then watching holdings fall nearly 15x amid broader crypto market crash dynamics that decoupled strong infrastructure from token performance.

Price action on the 4h chart shows a bearish trend with price inside the Bollinger Bands between $0.0 resistance and $0.0 support while RSI(14) at 47.85 remains neutral and MACD registers a bullish golden cross at -0.0; this confluence points to limited upside until a test of EMA50 support at $0.0 occurs before any sustained move.