Linea Team Transfers $5.3M in Tokens, Sparking Sell-Off Fears

Edgen Crypto

·Feb 12 2026, 15:06

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Key Takeaways

The Linea team executed a significant token transfer from its main wallet, moving approximately $5.3 million worth of LINEA tokens. This action has raised concerns among market participants about a potential sale, as such transfers historically precede deposits onto centralized exchanges, which could increase selling pressure on the token.

$5.3 Million Transfer: The Linea team's main wallet transferred 23.26 million LINEA tokens to a new, unidentified wallet address.
Potential Sale Looms: The transaction's pattern suggests a possible move to a cryptocurrency exchange, creating conditions for a large-scale liquidation.
Bearish Market Signal: Large token movements from a project's core team often decrease investor confidence and can signal an impending price decline due to increased supply.

Linea Team Relocates $5.3 Million in LINEA Tokens

The main wallet address associated with the Linea project executed a significant transaction, transferring 23,260,942 LINEA tokens to a newly created wallet (0x5A...1b34). At the time of the transfer, the tokens were valued at approximately $5.3 million. This large-scale movement of funds from a core team wallet has attracted scrutiny from market observers, as it represents a substantial portion of liquid assets being mobilized.

Exchange Deposit Speculation Fuels Sell-Off Concerns

This transfer is widely interpreted as a potential precursor to a sale on the open market. Historically, when project teams move large token quantities to new, unaffiliated wallets, the next step is often a deposit onto a centralized exchange. Such an action would introduce significant selling pressure on the LINEA token, potentially driving its price down. The move raises questions about the team's short-term intentions and has injected bearish sentiment into the market, as investors weigh the risk of the team liquidating a portion of its holdings.