A whale that went long on BERA yesterday with a $2.5M USDC investment is now down over $1M USD in unrealized losses.

BlockBeats News, February 8th, according to LookIntoChain monitoring, a whale address that deposited 2.5 million USDC into Hyperliquid yesterday to long BERA is currently at a $1 million loss.

According to market data, BERA is currently priced at $6.87, representing a 24-hour decrease of 13.15%.

Correction/Report

RelatedRecommended

Stablecoin APR Exceeds 20%: The Ultimate Berachain Mining Guide

The intrinsic value of BERA may exceed BGT returns, leading to BGT holders redeeming and selling BERA.

With high inflation and private sale dumping pressure, can Berachain still stabilize market expectations?

Just holding $BERA is not a good idea, but participating in PoL could be very worthwhile

Former Star Public Blockchain Berachain in Crisis: Price Collapse, Layoffs, Developer Exodus

Key Market Intelligence from February 8th, How Much Did You Miss Out On?

1. On-chain Fund Flow: $31.4M inflow to Ethereum, $38M outflow from Ethereum 2. Largest Price Swings: $POPCAT, $BERA 3. Top News: Yesterday, the U.S. Bitcoin spot ETF saw a net inflow of $171M

The most comprehensive interactive guide to Berachain: The mainnet is about to be launched, leading you to participate in all aspects and in-depth

Berachain will be launched on the mainnet in the second quarter. Before that, participating in the testnet and ecological interaction is the only way.

On-Chain Activity