Berachain (BERA), a highly anticipated layer-1 blockchain, officially launched its mainnet alongside a significant airdrop on Thursday . Initially soaring to $15, the token quickly lost momentum and entered a consolidation phase. This article explores BERA’s price trends, airdrop impact, and future price potential.
Berachain introduced its mainnet with a massive token airdrop, valued at $1.1 billion at its peak. This “proof-of-liquidity” blockchain gained widespread attention due to its innovative consensus mechanism and strategic token distribution. The total initial supply of BERA stands at 500 million tokens, distributed as follows:
48.9% allocated for community engagement
34.3% designated for investors
16.8% reserved for core contributors
For users looking to explore Berachain before making investments, the Berachain Faucet allows them to claim 1 testnet BERA every 8 hours. However, there’s a prerequisite: users must have at least 0.001 ETH on the Ethereum Mainnet. This ensures a seamless experience when funding a testnet wallet.
According to Lookonchain data, a whale capitalized on $BERA’s price movement shortly after its listing, securing a profit of $589K in under two hours. The trader deposited 1.6M $USDC into #Hyperliquid 16 hours prior and initiated a short position on $BERA at approximately $13. After closing the short, they withdrew 2.19M $USDC, successfully netting a $589K profit.
Following the airdrop, BERA's price initially spiked to $15.50 on Binance but soon entered a sharp decline, stabilizing around $7.5–$8. A closer look at the 15-minute chart reveals a classic pump-and-dump pattern—sharp rallies followed by steep sell-offs and consolidation.
After the initial hype and profit-taking, BERA's price is stabilizing. If downward pressure continues, the token could test the $5–$6 support zone. However, if buyers step in and trading volume increases, a rebound toward $9–$10 resistance is possible.
BERA’s price trajectory will depend on market sentiment and trading activity. A decisive move above $10 could indicate a potential trend reversal, while failure to hold $7.5 may lead to further declines.
Additionally, recent airdrops like HYPE and PENGU also struggled post-launch, reflecting a broader market trend of weak post-airdrop performances. If BERA follows suit, further downward movement is possible as early recipients continue selling their tokens.
However, if selling pressure diminishes and technical indicators show signs of reversal, BERA could enter a consolidation phase before its next breakout.
Currently, BERA’s technical setup leans bearish, and a strong catalyst is needed to shift market sentiment positively. Traders should closely monitor support and resistance levels, market volume, and overall investor confidence before making any moves.
As Berachain evolves, the ecosystem’s adoption and utility will play a crucial role in shaping its long-term price action.
Also read: Ondo Coin Price Prediction: What’s Driving ONDO Price Surge?Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.