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BERA Breaks Free; Airdrop-Fueled Rally Leaves Market Behind

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  • BERA surges 8.59% amidst a widespread market downturn, defying the red sea.
  • Strategic airdrop campaign fuels its growth, rewarding early and social contributors.
  • The token outperforms other tokens and even Bitcoin, showcasing unprecedented resilience.

BERA shines green amidst a sea of red, defying the prevailing market downturn with an impressive 8.59% surge. While the broader crypto market bleeds, the token displayed resilience, fueled by a strategic airdrop campaign that rewarded both early and social contributors. This unconventional launch strategy has proven highly effective, propelling it against the market odds.

While other tokens, such as KAITO had their brief periods of positive movement, BERA’s sustained performance has caught market attention, demonstrating unprecedented strength.

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BERA Breaks Free; Airdrop-Fueled Rally Leaves Market Behind 3

The success of BERA’s airdrop strategy highlights the power of community-driven token launches. By distributing tokens to early adopters and active community members, teh token fostered a loyal and engaged user base.

On the price front, the token has stood tall as Bitcoin struggles near the $80k mark, showcasing notable strength. This strong footing is fueled by a unique tokenomic model. Transaction fees are burned, creating deflationary pressure that could drive value with increased network usage. This mechanism positions the token favorably for future growth.

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BERA Breaks Free; Airdrop-Fueled Rally Leaves Market Behind 4

Should Bitcoin stabilize, experts predict a potential surge to $11-$12 within weeks. The token’s performance against the market’s current trend highlights its unique value proposition and the community’s confidence. This potential upside makes BERA a token to watch closely.

BERA $12 Target in Sight Amidst Bullish Burn Mechanism

$BERA is showing some strength here despite BTC falling off the cliff. Its transaction fees are getting burned which is bullish if the network usage grows more. If BTC stops going down, the token could hit $11-$12 in the coming weeks.

This approach not only generated significant initial interest but also ensured a wider distribution of the token, promoting decentralization and reducing the risk of whale manipulation. As the market anticipates Bitcoin’s potential pump, BERA stands out as a beacon of hope, demonstrating that innovative launch strategies and strong community engagement can lead to remarkable success even in the face of adversity.

Berachain Surges to $3.26B TVL Overtakes Arbitrum and Base

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  • Berachain’s TVL has surpassed $3.26 billion, making it the sixth-largest DeFi blockchain.
  • The network has outpaced Arbitrum’s $2.9 billion and Base’s $3.24 billion in TVL.
  • Berachain’s native token BERA is trading at $6.75 with a market cap of $715 million.

Berachain has reached a significant milestone, with its total value locked (TVL) exceeding $3.26 billion. This achievement places the Layer-1 blockchain ahead of Arbitrum and Base in the decentralized finance (DeFi) sector. As the sixth-largest DeFi network, Berachain continues to gain traction among users and investors.

Berachain’s TVL Growth and Market Position

According to DefiLlama data, the network’s TVL surpassed Arbitrum’s $2.9 billion and Base’s $3.24 billion. BERA’s expansion highlights its increasing adoption, solidifying its position among the top DeFi blockchains. Its growth reflects strong liquidity, rising protocol engagement, and heightened investor confidence.

At the time of writing, Berachain’s native token (BERA) is priced at $6.75. The market capitalization is $715 million, while the fully diluted valuation (FDV) reaches $3.3 billion. These figures emphasize the network’s increasing relevance in the competitive blockchain landscape.

Key Protocols Driving Berachain’s Expansion

Several DeFi protocols contribute significantly to BERA’s rapid growth. Liquid staking platform Infrared Finance leads with a TVL of $1.52 billion, strengthening network security and liquidity. Decentralized exchange Kodiak follows with $1.12 billion, while yield farming protocol Concrete holds nearly $800 million.

The rising TVL suggests higher user participation in Berachain’s ecosystem. Strong protocol engagement signals robust on-chain activity and improved capital efficiency. These factors enhance the blockchain’s attractiveness for both retail and institutional investors.

Despite Berachain’s surge, Ethereum remains the dominant DeFi network, maintaining a TVL of $58 billion. Solana ranks second with $8 billion in locked assets, controlling a 7.45% market share. BERA’s continued momentum positions it as a rising competitor in the DeFi landscape.

Factors Behind Berachain’s Growing Adoption

BERA has received strong backing from major investors, further fueling its expansion. Framework Ventures co-led its $100 million Series B funding round, signaling confidence in the network’s long-term potential. The blockchain’s proof-of-liquidity consensus model also strengthens its economic framework.

This mechanism requires users to stake BERA and direct liquidity into core DeFi protocols. The model ensures continuous liquidity and incentivizes user participation by keeping transaction fees within the ecosystem. The approach differentiates Berachain from other Layer-1 networks.

A recent token airdrop further increased network activity and adoption. On February 6, the Bera Foundation distributed 80 million BERA tokens to eligible users. Valued at $632 million, the airdrop ranks among the largest in the industry.

DeFi Market Trends and Future Outlook

The overall DeFi market has experienced a resurgence in recent months. Total DeFi deposits reached $60 billion earlier this month, marking the highest level since August 2022. Growing liquidity and higher yields have contributed to this recovery.

Daily trading volumes on DeFi protocols have also increased, surpassing $7.3 billion in early January. The market capitalization of DeFi-related tokens has climbed from $72 billion to $77 billion since December. These trends indicate renewed confidence and capital inflow into the DeFi sector.

Berachain’s rising TVL highlights its growing influence in the DeFi space. Its unique economic model and strong investor support continue to drive adoption. As the network expands, it could challenge larger competitors in the blockchain ecosystem.

BERA Crashes 64% After Hyped Launch: Korean Exchange Drama Exposed

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  • $BERA’s price plummeted 64% after launch, from $14.83 to around $5.5, despite listings on major exchanges.
  • Korean exchange listings triggered wild price swings, from $7 to over $15, followed by a dramatic sell-off.
  • Unrestricted Binance withdrawals enabled arbitrage, flooding Korean markets with $BERA and causing a price crash.

The initial excitement surrounding BERA, the native gas token of the Berachain network has waned. Since it launched at $14.83 on Kraken the token’s value has fallen to around $5.5. This represents a loss of approximately 64% from its initial listing price.

Berachain launched the native token on February 6th. It’s an Ethereum-compatible Layer-1 blockchain, that uses a unique “Proof-of-Liquidity” system to secure its network. It’s built using BeaconKit, a framework that makes it easier to create and manage blockchains.

A community known as “Kaito yappers” heavily promoted the project and received $BERA tokens through an airdrop. The token was immediately listed on major cryptocurrency exchanges like Binance and Kraken on the launch day.

Market experts took note of the dramatic wild swings noting its rapid rise from “$7 → $15… to the unexpected drop.” One analyst pointed out Korean CEX listings (Upbit, Bithumb) where both the exchanges announced listings at the same time as Binance (1 PM UTC). But then unexpectedly delayed “until further notice.”

Upbit, a major Korean exchange, initially scheduled the $BERA listing for 2:50 PM UTC, triggering the price to jump from $10.7 to $14.3. Bithumb, another Korean exchange, then unexpectedly announced their own listing for 2:30 PM UTC, 20 minutes before Upbit. This caused another price surge, pushing the token above $15.

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Source: @JdotHamilton

$BERA’s Korean Listing: A Pump and Dump Fueled by Arbitrage

Unlike previous exchange listings, Binance did not restrict $BERA withdrawals. This meant that traders could easily deposit the token into Upbit and Bithumb to take advantage of any price differences (a process called arbitrage).

When trading finally opened on the Korean exchanges, instead of a “moonshot”, a massive sell-off ensued. Traders who had bought the token elsewhere and deposited it into Upbit/Bithumb quickly sold their tokens, driving the price down rapidly (from $13 to $8 in just one hour).

The expert highlights two key takeaways:

Firstly, Korean retail investors can significantly influence cryptocurrency prices. Liquidity and arbitrage are crucial factors in exchange listings. In this case, the uncapped Binance withdrawals allowed arbitrageurs to flood the Korean exchanges with $BERA, leading to a price crash. Understanding these dynamics is essential for successfully trading around exchange listings..

As of now, $BERA’s price movement hasn’t shown a strong correlation with $BTC, $ETH, $SOL, or $FARTCOIN in its early trading days. The token is currently in a “price discovery” phase, meaning the market is still determining its fair value.

Bybit Faces ₹9.27 Crore Fine in India Amid Compliance Struggles: Report

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  • India’s Financial Intelligence Unit has fined Bybit ₹9.27 crore for violating the Prevention of Money Laundering Act.
  • The penalty follows Bybit’s failure to register with India’s Financial Intelligence Unit before expanding its operations in the country.
  • On February 6, 2025, Bybit will list Berachain (BERA), expanding its DeFi offerings and gaining attention from developers and investors.

Bybit cryptocurrency exchange that falls among the largest ones globally has been fined for ₹9.27 crore ($1.06 million) by the Financial Intelligence Unit of India. The penalty was incurred under the alleged contravention of the provisions of the Prevention of Money Laundering Act (PMLA). This is following Bybit’s non-compliance with mandatory rules in India.

Bybit’s Compliance Issues

The penalties were declared by the Ministry of Finance of India as shared through a press release on 31 January 2025. Platform that operating under the VDASP category of business categories failed to obtain the registration from the FIU-IND before expanding its operations in India. As such, the FIU restricted platform’s websites and stopped its operations in India under the Information Technology Act of 2000.

This fine comes after company suspended services in India last month. The exchange explained political challenges and other issues related to recent regulatory developments in India and compliance issues to suspend operations last month. The suspension has affected many of its users in the country and this has impacted platform in one way or the other.

Currently, Bybit has resolved its compliance problems in India and is preparing to operate legally. The platform mentioned that on February 5, it officially becomes a member of the Indian Financial Intelligence Unit (FIU), which is a major step towards resolving previous legal issues. By ensuring Bybit follows India’s anti-money laundering provisions pursuant to the Prevention of Money Laundering Act (PMLA) 2005, the registration also means it can keep serving the country’s users.

Platform Expands DeFi Offerings

While, Bybit plans to list Berachain (BERA) on February 6, 2025 to enter the mainstream cryptocurrency market. Berachain is an amalgamate DeFi blockchain engineering a distinct Proof-of-liquidity protocol. The listing will enable the trade of BERA with its USDT pair making it easier for those involved in app development and investing.

Berachain’s blockchain is highly scaleable and sustainable which makes it suitable for an entire spectrum of dApps, NFTs, and Web3 services. With BERA’s listing, platform promises to grab the attention of the DeFi industry as it adds it to its portfolio.

Although Bybit has legal issues in India, the exchange is making its plans on going international successfully. This can be attributed to the fact that inclusion in the BERA listing will enable platform to gain a better outlook on the DeFi market. In this regard, the company continues to place itself in a strategic position that would allow it to stay relevant in the active and growing sector of the crypto market.