Berachain staff denies news of 10 million token unlock this week

Berachain denied rumors of upcoming 10 million token unlock this week.

Berachain (BERA) staff pushed back against claims of a 10 million BERA token unlock this week. The rumor gained traction after Tokenomist included BERA in a list of tokens with upcoming large-scale unlocks. To put it into perspective, 10 million BERA represents 2% of the token’s total supply. 

Specifically, Tokenomist reported that Berachain is gearing up for a linear token unlock exceeding $1 million per day in the next seven days, placing BERA among other tokens preparing for large-scale unlocks, with a total unlocked value of over $132.1 million.

As the news spread, concerns over a potential BERA dump emerged, linking BERA’s recent price performance to the upcoming sell-off. 

However, Berachain Foundation’s Nezha stepped in to deny—or more accurately, clarify—the claim on X. According to Nezha, there’s indeed a token distribution planned, but it’s part of an airdrop rather than a general token unlock. 

Specifically, these tokens are allocated to users who have deposited funds into Boyco, Berachain’s liquidity acquisition marketplace. Instead of being freely distributed into the market, these tokens are set aside as rewards for those users and will be given to them in a lump sum when their deposits mature in early May.