March 16, 2025
11 11 11 AM
Latest Post
21Shares to Liquidate Two Bitcoin and Ether Futures ETFs Amid Market Downturn Coinbase Stock Decline Can’t Stop Highly Leveraged Long ETF Rollouts Gold ETFs Inflow Takes Over Bitcoin ETFs Amid Historic Rally TON Surges 20% as Telegram Founder Pavel Durov Recovers Passport From French Authorities SEC Commissioner Hester Peirce on the New Crypto Task Force SOL, XRP Zoom 5% Higher as Bitcoin Grapples With $84K Level New Canadian P.M. Carney Closes Gap on Polymarket with BTC-Friendly Poilievre Cardano: Deep Dive on the Trump Reserve Token Whose Blockchain Ignores TVL Court Approves 3AC’s $1.53B Claim Against FTX, Setting Up Major Creditor Battle Weekly Recap: Regulatory Wins, Market Doldrums

Berachain’s BERA Trades at $8 Ahead of 79M Token Airdrop and Mainnet Launch

Layer 1 Berachain will airdrop just under 80 million of its BERA tokens to ecosystem and exchange users as the decentralized finance (DeFi)- focussed network goes live later on Thursday, per a release.

The total initial supply of BERA is 500 million tokens, with 48.9% allocated for community engagement, including airdrops, ecosystem development, and research.

The airdrop distribution included testnet users, social media participants, and other community members. Token allocations can be viewed on the Berachain airdrop checker as of Thursday morning and can be claimed using various EVM wallets like Metamask and OKX Wallet.

“The BERA token distribution includes an airdrop of 15.75% to Berachain community members, applications, liquidity providers and more as recognition of their contributions to an incredibly robust pre-launch ecosystem, and their role in helping to make the fake chain real,” a Berachain post reads.

Pre-launch markets for BERA values the token at $8, giving the airdrop a value of $632 million and the network a $4 billion market capitalization based on current speculation. These values are expected to shift wildly within 24 hours after BERA goes live.

The upcoming blockchain uses a proof-of-liquidity consensus mechanism to reward liquidity provision. In the past year, it has gained a cult following and an engaged social media community — with a catchphrase questioning if the chain “was even real?”

A pre-deposits application meant to bootstrap liquidity on Berachain racked up over $3 billion from users in under a week, as CoinDesk reported, indicative of the massive investor interest in the network.

This post was originally published on this site