The token that powers the Linear Finance platform of LINA price is a big cryptocurrency It fell more than 10% from its daily peak after wealth management firm Jump Trading moved 249 million LINA tokens from its wallet.
Jump Trading has moved its LINA tokens for the first time since purchasing it from FTX, a popular crypto exchange at the time, 516 days ago. At that time, the average entry price of Jump Trading’s LINA tokens was $0.007. At the current price of $0.018, Jump Trading’s LINA investment yielded a 143% return.
Of course, this only applies if the company makes sales, it is not clear whether it has made any sales yet.
LINA allows users to both Ethereum as well as a token that allows it to create and trade synthetic assets on the Linear Finance platform running on Binance Smart Chain. LINA had a strong performance in the last 24 hours, gaining 20% to reach $0.021. However, after Jump Trading broke news of the transfer, LINA’s price dropped to $0.017, erasing some of its gains.
It is unclear why Jump Trading decided to move LINA tokens after holding them for over a year.
*Not investment advice.
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