BERA (Berachain) rose 9.54% in the last 24 hours.

Gate News Bot message, on August 26, according to CoinMarketCap data, as of the time of writing, BERA (Berachain) is currently priced at $2.52, having risen 9.54% in the last 24 hours, with a high of $2.77 and a low of $2.12. The 24-hour volume reached $144 million. The current market capitalization is approximately $314 million, an increase of $27.4 million compared to yesterday.

Berachain is a high-performance, EVM-compatible blockchain SDK that supports the development of modular L1 blockchains. The project aims to create a collaborative economy through Proof of Liquidity, rewarding working capital and achieving consistency in incentive mechanisms across the network. The core principles of Berachain include integrating liquidity, simplifying DeFi building blocks, accelerating application development, and high accessibility.

Important news about BERA recently:

1️⃣ Berachain co-founder comments on token distribution strategy Smokey, the co-founder of Berachain, recently expressed his views on the project's token distribution strategy. He believes that large-scale airdrops may have negative effects, such as increasing the potential sellers with no cost basis, being easily manipulated by the market, and that most tokens may flow into the hands of insiders. This viewpoint may affect Berachain's future token distribution strategy.

2️⃣ ICOs and public offerings may return Smokey predicts that ICOs (Initial Coin Offerings) and public offerings may make a large-scale comeback. He suggests that future project teams should consider conducting small-scale airdrops (about 1-2%) while also carrying out public sales (around 5-10%). This trend may affect the financing and token distribution methods of Berachain and other emerging projects.

3️⃣ Market Attention on Berachain Token Allocation Strategy The public discussion of the token allocation strategy by Berachain's co-founders has attracted market attention to the future development path of the project. Investors may reassess Berachain's investment value and potential risks based on this information.

The rise in BERA prices may partially reflect the market's positive attitude towards the Berachain team's approach to token economic design. However, the specific token distribution plan has not yet been announced, and investors should closely monitor the project's subsequent developments.

This message is not intended as investment advice; investors should be aware of market volatility risks.