Key Notes
- Berachain faces FUD as rumors of a 10 million BERA token unlock spread, valued at $132.1 million.
- Berachain Foundation denies the unlock, confirming the tokens are part of an airdrop for Boyco users, set for May.
- Berachain’s TVL surged from $2 billion to $3.5 billion, marking a significant network expansion.
With a bullish recovery in the crypto market, Berachain remains highly volatile due to the recent rumors of a massive token unlock. Over the past week, multiple rumors have surfaced in the market regarding a 10 million BERA token unlock driving the short-term selling spree.
Amid the recent surge of FUD related to a large token unlock, many investors are wary of potential whale manipulation. Will this result in a quick crash in
BERA
$7.67
24h volatility:
16.2%
Market cap:
$828.24 M
Vol. 24h:
$352.67 M
prices?
Berachain to Witness 10 Million Token Unlock?
Berachain, the recently popularized proof-of-liquidity layer-1 blockchain, has faced accusations of a massive 10 million token unlock. The rumors started with Tokenomist reporting a massive 10 million BERA tokens unlock.
The 10 million BERA tokens unlock accounts for nearly 2% of the token’s total supply. Furthermore, Tokenomist reported a linear unlock worth more than a million dollars each day for the next 7 days. This puts Berachain among the top large-scale unlocks with a total unlock value of $132.1 million.
According to Tokenomist, the single unlocking amount of more than $5m in the next 7d includes ENA MOVE STIK KAS NEON IOTA, etc., and the linear large unlocking in the next 7d includes SOL WLD TIA DOGE OM TAO AVAX SUI JTO NEAR DOT IP FIL ENS SEI BERA, etc. The total unlocking… pic.twitter.com/lVPXsbn4FN
— Wu Blockchain (@WuBlockchain) March 3, 2025
The news of the massive token unlock of Berachain spread like wildfire in the crypto market, while the US crypto reserve news drove the prices higher of top altcoins. Furthermore, the multiple accusations of whale manipulation and retail traps gained traction amid the increase of FUD around Berachain.
Berachain Foundations Pleads Airdrop Alert, Denies Unlock
To clear the air around the upcoming liquidations, Berachain Foundation’s Nezha clarified the uncertainty with a tweet. According to Nezha the token distribution is part of a larger airdrop scheme rather than the general token unlock.
Furthermore, the airdrop will allocate BERA tokens to users with funds deposited over Boyco, Berachain’s liquidity acquisition marketplace. Instead of a clear-cut dump into the market, these tokens are going to be distributed as rewards for users. Furthermore, it will be given as a lump-sum on maturity of their deposits in early May.
Growing TVL and Daily Transactions Signal Massive Recovery
CryptoShiro, a crypto analyst, has highlighted multiple recovery points and significant growth in Berachain over the past few days. The total value locked of Berachain was close to $2 billion, which has now increased to nearly $3.5 billion.
📈 𝗞𝗲𝘆 𝗜𝗻𝗳𝗼
• Berachain TVL: Was close to $2B, Now $3.5B
• Daily Transactions: Between 1.5M and 2.5M
• TVL/FDV Ratio: ~0.76, way better than most, if not all, L1s
• $BERA Utility: Used for Validators, Collateral, Gas, DeFi, NFT ecosystem, and more pic.twitter.com/0iFKQzz8Vr— Shiro (@CryptoShiro_) March 3, 2025
Furthermore, the daily transactions have increased to range between 1.5 million and 2.5 million transactions. The ratio of total value locked to FDV is approximately at 0.76.
This is significantly better than any Layer-1 blockchain in the crypto space. With a TVL/FDV ratio near 0.8, Berachain comes as the 6th biggest cryptocurrency with 39 protocols and a DeFi TVL of $3.498 billion.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Vishal, a Bachelor of Science graduate, began his journey in the crypto space during the 2021 bull run and has since navigated the subsequent market winter. With a strong technical background, he is dedicated to delivering insightful articles rich in technical details, empowering readers to make well-informed decisions.
