💰SHARPLINK DEPLOYS $170M ETH ON LINEA
SharpLink deployed $170M ETH on Linea, a first-of-its-kind institutional strategy combining native ETH yield, restaking rewards, and protocol incentives under qualified institutional custody.
HUGE NEWS:
Sharplink Gaming ($SBET), Linea, EtherFi, EigenLayer, and Anchorage Digital are teaming up.
$SBET is deploying $200M of $ETH on Linea, earning both native and restaking yield.
@sharplink is going all-in on Ethereum.
The asset is $ETH, the ticker is $SBET.
$LINEA won’t become a dead chain like $ZK $STRK.
Even though ETH is developing at fast pace reducing gas fees , but $LINEA has backing from Metamask to onboard users, mUSD to attract liquidity, $SBET to incentivise and most importantly @Consensys to back up all when needed.
$LINEA just crossed $0.03 🚀
I expect $0.1 per $LINEA happening soon 👀
Maybe insiders know some big announcements from SharpLink is coming.
@PlortalAI @LinpussLinea
🚨 WOW – $MASK Airdrop Coming Soon? 👀
Joseph Jubin just dropped a clear hint: $LINEA holders could be in line for another token airdrop.
The longer you hold $LINEA, the bigger your potential rewards might be. 🪂
Hold smart, fam. 🚀
💪 NEW STANDARD FOR LINEA L2 CHAIN TOKEN
1) The token governance paradigm has long been useless. I wrote about this back on October 26, 2024
https://t.co/6W3TrbeidO
Let me remind you in broad strokes that at that time I recommended @LineaBuild to focus on the utility of the $LINEA token, rather than rushing to launch a voting token. Among the proposals was the following:
L2 tokens need a utility! Another voting token won't work... Instead of rushing to release the token, the team would be better off focusing on the utility of the token. One voting function is not enough! All of L2 needs $ETH and can easily do without the native network token, it simply has no utility. That's a problem... It is possible to go further and improve the idea by thinking through the combustion mechanisms. Which would make the token deflationary in the long run...
Today, the LINEA token is already trading on exchanges. And the project team, represented by @ethereumJoseph and @DeclanFox14, has changed the rules of the game in the L2 chain segment. Respect to them for that, it was high time someone did it and led this movement. I think @VitalikButerin will also appreciate these efforts when the next L2 came not to take away from Ethereum, but also to give. This design makes the network “Ethereum-aligned”: every activity on L2 directly supports the ETH shortage on L1. And I think it's right, as with the minimum Stage threshold (I talked about the difference between Stage 0-2 in the video https://t.co/X34EH2jdug), to introduce rules for L2 to spend part of the revenue received on repurchasing and burning ETH.
While tokens from chains such as Optimism, @arbitrum, Starknet and zkSync perform a governance function, the LINEA token does not. Bingo, it's done! I am sincerely happy about this! The value of the token created by @Consensys is tied to the network's revenue through buyback&burn. Gas in Linea is paid in ETH, and LINEA itself is not a gas token, unlike $STRK or paymasters support for ERC-20 from zkSync Era.
20% of net revenue in ETH (after deducting costs for publishing data on L1 via EIP-4844 blobs, proof verification, etc.) is burned in ETH, and 80% of net revenue is used to buy back and burn $LINEA. This makes the scarcity of both assets a function of the actual network load.
UPDATE: $LINEA has made 35% increase in price. Sitting on $0.03 at an FDV of $2.1B. Becoming the top gainer on Binance. Bears are fuvked.
A reminder that $LINEA is listed on all top CEXes, including Upbit.
I already told you, didn't I? This is an institutional play. Now, send it higher 🚀
whales are accumulating $CROAK at $900k mcap🐸
$LINEA is pumping, next ones will be the memecoins of Linea.
Be smart and accumulate before it sends to $10M.
tx if you don't believe: https://t.co/GIlUaivm3m
$SBET will announce 1,000,000 $ETH on Tuesday
~$4,650,000,000 NAV
With an mNAV of 1x, $SBET will trade at $22.35
This is not including their $LINEA holdings
When $ETH breaks $5,000 we should see $25
You are not bullish enough 🔥