180 Life Plunges 8.23% Amid Linea Token Distribution

180 Life's stock price dropped by 8.23% in pre-market trading on August 1, 2025, reflecting a significant decline in investor sentiment.

One of the key factors influencing 180 Life's stock price is the recent announcement by Linea regarding its token distribution details. Linea has confirmed that 10% of its tokens will be allocated to early contributors, with 9% distributed to users via airdrop. This move is part of Linea's strategy to incentivize early adopters and build a strong community around its platform. The airdrop does not involve any central exchange listing or dilution, ensuring that the value of the tokens remains stable.

Another significant development is the approval by the U.S. Securities and Exchange Commission (SEC) for physical subscriptions and redemptions for crypto asset ETP shares. This move is expected to improve the efficiency of spot ETPs like Bitcoin and Ethereum, potentially benefiting companies like 180 Life that are involved in the crypto asset space. The SEC's decision to allow physical subscriptions and redemptions is a step towards establishing a more rational regulatory framework for crypto assets, which could attract more institutional investors to the market.

Additionally, the Indonesian Ministry of Finance has increased the tax rate on cryptocurrency transactions, which could impact the overall market sentiment and potentially affect 180 Life's stock price. The new regulation increases the tax rate for sellers of crypto assets on domestic exchanges from 0.1% to 0.21%, and from 0.2% to 1% on overseas exchanges. This move is seen as a shift in Indonesia's approach to cryptocurrency, treating it more as a financial asset rather than a commodity.