Berachain Denies Rumors of 10 Million Token Unlock

Berachain has denied rumors of an upcoming 10 million token unlock, which had sparked concerns of a potential BERA dump and its impact on the token’s price. The rumor gained traction after it was reported that Berachain was gearing up for a large-scale token unlock, with a total unlocked value of over $132.1 million.

According to the report, the 10 million BERA tokens represented 2% of the token’s total supply and were expected to be unlocked in the next seven days, with a daily value exceeding $1 million. This led to fears that the large-scale unlock would result in a sell-off and negatively impact the token’s price.

“$Bera There is ONLY one reason why this crap is pumping !!( Whales want to get Paid , to dump after ) All you have to do is Make sure to NOT get liquidated as I trained You !! And have Patience .. “

However, Berachain Foundation’s Nezha stepped in to clarify the situation, stating that the token distribution was part of an airdrop rather than a general token unlock. The tokens are allocated to users who have deposited funds into Boyco, Berachain’s liquidity acquisition marketplace, and will be given to them in a lump sum when their deposits mature in early May.

Key Facts:

  • The rumored 10 million BERA token unlock is not happening this week.
  • The tokens are part of an airdrop for users who have deposited funds into Boyco.
  • The tokens will be given to users in a lump sum when their deposits mature in early May.
  • The actual unlock is 2% of the token’s supply, coming in May.

As the cryptocurrency market continues to evolve, it’s essential to stay informed and verify information through reputable sources to avoid unnecessary market volatility.

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