The crypto market is heating up as Bitcoin surged past $114,000. Traders are now wondering what the next crypto to explode could be, as altcoins also post impressive gains. Solana (SOL) climbed above $220, BNB hit a fresh all-time high, while Ethereum (ETH) is holding strong around $4,400.
Meanwhile, today marks a major milestone for Ethereum’s ecosystem: the long-awaited Linea airdrop is finally live. Linea, developed by Ethereum software firm Consensys, is launching its native LINEA token in one of the most anticipated events in years. Unlike other layer-2s, Linea will use ETH as its gas token while introducing a buyback-and-burn mechanism for LINEA, creating potential scarcity over time.
EXPLORE: LINEA Crypto Launching TODAY: Find Out If You Are Eligible For The Airdrop
With over $1.3 billion in total value locked (TVL), Linea has already climbed to the 11th largest blockchain network in under two years. Backers describe it as the most “Ethereum-aligned” L2, with plans to reward ETH stakers and fuel adoption through a 54 billion token ecosystem fund. Early users and campaign participants can now begin claiming their tokens, with a 90-day window to do so.
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The rally across majors suggests that altcoin season may be underway. Solana’s rise above $220 highlights renewed investor interest also for solana meme coins, while BNB’s new ATH signals strong demand for exchange tokens. With ETH steady at $4,400, many are now betting that newer projects like Linea could draw capital inflows and spark the next wave of growth.
Whether Bitcoin continues to lead or Ethereum layer-2s steal the spotlight, momentum is back in the market. Traders are already searching for the next crypto to explode.
According to the Financial Times, the Avalanche Foundation is negotiating with investors to establish two U.S.-based “digital asset treasury” firms in a bid to raise $1 billion and purchase millions of AVAX tokens at a discount. The first vehicle, led by Hivemind Capital, plans to raise up to $500 million via a Nasdaq-listed company; former White House press secretary and crypto investor Anthony Scaramucci is advising on this deal. The second, also targeting $500 million, is a SPAC sponsored by Dragonfly Capital. If successful, both would buy AVAX from the Foundation under favorable terms.Avalanche Foundation Seeks $1B for AVAX Buyback via Hivemind and Dragonfly Deals
The post [LIVE] Crypto News Today, September 11 – Bitcoin Price Surges Past $114K, Solana Above $220 As Linea Airdrop Goes Live: Next Crypto To Explode? appeared first on 99Bitcoins.
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