The unlocking of Boyco's funds is approaching 🐻 @berachain
Tonight at 20:30 (UTC+8), Boyco's fund unlocking will cover 10M $BERA tokens (about 1.99% of the total supply), which is likely to affect the price of $BERA!
Will there be short-term selling pressure? Or is it a long-term benefit for the ecosystem?
Let's take a look at the impact of this unlocking 🧵
Boyco Unlock Key Information 🔍
👉 Time: May 6th, 20:30 (UTC+8)
👉 Allocation: 10M $BERA (approximately 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 launched in February, funds unlocked from Boyco pool
So 2% of $BERA supply ie 10M $BERA, which equates to $33M, will get unlocked and distributed on the 6th of May as per Boyco deposit rewards.
Is this dip caused by this event, or we should expect more dip after the unlock?
I'm just curious.
Personally, I'd be using my $BERA rewards on infrared finance to keep earning iBGT.
1.59K
0
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.