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Home News Blockchain Berachain Rejects Reports Of Imminent Token Release

Berachain Rejects Reports Of Imminent Token Release

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Berachain Rejects Reports Of Imminent Token Release

Berachain dismisses reports about unfolding 10 million BERA token releases within this week despite Tokenomist listing BERA in their asset forecast. The subject gained attention because the expected unlock of 10 million BERA tokens matches 2% of total supply which creates fear about its market impact.

Berachain was scheduled by Tokenomist to release a daily token stream worth over $1 million throughout the next week according to the company’s report. However BERA ranked among many tokens while sharing $132.1 million worth of funds set to be unlocked.

Speculations about a major BERA selling wave intensified across the market as traders connected price movements to supply expectations. The market showed dismay over expected price decrease when the unlock took place according to speculations.

Berachain Clarifies Token Distribution

Berachain Foundation’s representative Nezha disputed rumors on platform X by providing essential details about the matter. Nezha explains that despite the token distribution Berachain builds its liquidity acquisition marketplace Boyco and does not result in a token release to the market at large.

https://twitter.com/leslienomad/status/1896396810467631362

Boyco users will get special token distributions through its program. The tokens do not become available for general market purchase but instead act as rewards for market participants. The distribution of the tokens will happen at once when deposits reach their maturity date in early May

Through his explanation Nezha aims to reduce investors’ worries about market volatility from increased BERA token supply. The market reacts strongly to false information about token releases.

The crypto industry faces major information-related challenges because token unlocks directly affect market behavior of investors. The designated distribution of rewards rather than market introduction assures us that a supply backup emergency will be managed effectively.

This event shows how social media now greatly affects how crypto markets develop their identity. Fast sharing of incorrect facts makes investors more uncertain and creates wild price variations. Berachain quickly answering market worries emphasizes that companies need to show customers all key details and act fast when the market needs them.

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