BERA (Berachain) rose 6.79% in the last 24 hours

Gate News Bot news, August 29, according to CoinMarketCap data, as of the time of writing, BERA (Berachain) is currently priced at $2.74, with a rise of 6.79% in the last 24 hours, reaching a high of $2.90 and a low of $2.13, with a 24-hour volume of $249 million. The current market capitalization is approximately $343 million, an increase of $22.18 million compared to yesterday.

Important news about BERA recently:

1️⃣ Berachain co-founders share their views on token allocation strategy Smokey, co-founder of Berachain, recently expressed his views on the project's token distribution strategy. He pointed out that large-scale airdrops could have negative effects, such as increasing potential sellers with no cost basis, making it easy for the market to be manipulated, and most tokens may end up in the hands of insiders. This viewpoint could have significant implications for Berachain's future token distribution strategy.

2️⃣ ICOs and public offerings may become mainstream again Smokey predicts that ICOs (Initial Coin Offerings) and public offerings may make a large-scale return. He suggests that future project teams should consider conducting small-scale airdrops (around 1-2%) while also holding public sales (around 5-10%). This trend may impact the financing and token distribution methods of Berachain and other emerging projects, triggering a re-evaluation of the economic models of these projects.

3️⃣ The market's attention to Berachain token allocation strategy has increased The public discussion on the token distribution strategy by Berachain's co-founders has sparked significant attention from the market regarding the future development path of the project. Investors may reassess the investment value and potential risks of Berachain based on this information, which could be an important factor in the recent fluctuations in BERA price.

The rise in the price of BERA may partially reflect the market's positive attitude towards the Berachain team's approach to tokenomics. 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 the risks of market fluctuations.