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Boyco's Fund Unlock is Approaching 🐻 @berachain
Tonight at 20:30 (UTC+8), Boyco's fund unlock will cover 10M $BERA tokens (approximately 1.99% of total supply), which may potentially impact the price of $BERA!
Will it be a short-term selling pressure or a long-term benefit for the ecosystem?
Let's understand the impact of this unlock together 🧵 twitter.com/147191799476267008...
Boyco unlocks key information🔍
👉 Time: May 6, 20:30 (UTC+8)
👉 Allocation: 10M $BERA (~1.99% of total supply)
👉 Current Price: $3.00 U (Mcap is $358.17M, FDV is $1.5B)
👉 Current TVL: $2.578b
👉 Boyco TVL: $750M
👉 Background: @berachain mainnet will be launched in February, and the unlocked funds come from Boyco funding pooltwitter.com/158010342995066880...
Funds redemption tutorial 👣
1️⃣ If you participate in the pre-deposit through @Stake_Stone, you need to go to its website to redeem, and the assets will be transferred to your @berachain wallet 24-72 hours after redemption.
Link: app.stakestone.io/u/vault/deta...
2️⃣ If you participate in Boyco pre-deposit directly, you can redeem your assets directly on Royco.
Link: app.royco.org/portfolio twitter.com/150336200619102618...
The current protocols that provide conversion pledges to continue to earn profits include:
@beraborrow
@origami_fi
@InfraredFinance
@KodiakFi
@SolvProtocol twitter.com/174974101748437811...
Price Impact Analysis 🤔
Unlocking's impact on price
Short term: The large unlocking of 10M $BERA may increase short-term selling pressure. In the past month, $BERA has fallen from $4.71 to $2.90 (-38%), and the downward trend is very obvious.
Long term: depends on the flow of funds 👇👇
🟢 Stay in the ecosystem (staking, providing liquidity, etc.) → Increase ecosystem activity, more benefits
🔴 Outflow (sell) → further pushes the price down
The Boyco fund unlocking will release 10M $BERA tokens, which is undoubtedly the focus of the market.
The current market sentiment is very polarized, and it can be seen that the unlocking event is full of uncertainty. This will be a test for the @berachain ecosystem and an opportunity for investors to re-evaluate its potential. Are you bullish or bearish on $BERA?
🔥 Join the Biyan community to discuss more market opportunities:
• Chinese Telegram group: bit.ly/3YmFBrN
• Hong Kong Telegram Community: bit.ly/HK-TG-Group
• Subscribe to Daily Coin Research Telegram channel: t.me/cryptowesearch_news
From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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