Berachain denied rumors of upcoming 10 million token unlock this week.
Berachain (BERA) workers pushed again towards claims of a ten million BERA token unlock this week. The rumor gained traction after Tokenomist included BERA in an inventory of tokens with upcoming large-scale unlocks. To place it into perspective, 10 million BERA represents 2% of the token’s whole provide.
Particularly, Tokenomist reported that Berachain is gearing up for a linear token unlock exceeding $1 million per day within the subsequent seven days, putting BERA amongst different tokens making ready for large-scale unlocks, with a complete unlocked worth of over $132.1 million.
Supply: Tokenomist, made by WuBlockchain
Because the information unfold, considerations over a possible BERA dump emerged, linking BERA’s current value efficiency to the upcoming sell-off.
$Bera
There may be ONLY one cause why this crap is pumping !!
( Whales need to get Paid , to dump after )
All it’s important to do is Be sure that to NOT get liquidated as I educated You !!
And have Endurance .. pic.twitter.com/VlJQ5HtXos— MWhalekiller (@MWhalekiller) March 2, 2025
You may additionally like: Berachain faces backlash over airdrop controversy and insider dumping considerations
Nevertheless, Berachain Basis’s Nezha stepped in to disclaim—or extra precisely, make clear—the declare on X. In response to Nezha, there’s certainly a token distribution deliberate, but it surely’s a part of an airdrop moderately than a normal token unlock.
Supply: X publish by Berachain’s Nezha
Particularly, these tokens are allotted to customers who’ve deposited funds into Boyco, Berachain’s liquidity acquisition market. As an alternative of being freely distributed into the market, these tokens are put aside as rewards for these customers and shall be given to them in a lump sum when their deposits mature in early Could.
Thanks for the clarification. Necessary to notice: $BERA's precise unlock is 2% of provide from Boyco deposits, coming in Could – not this week as reported. Information matter.
— 灵台智库 | AI & 美股资讯 (@heavenlypulse) March 3, 2025
You may additionally like: BERA value rises as Berachain DeFi ecosystem hits all-time excessive
