Berachain Plummets 21% After Major Unlock, Market Uncertainty Remains

Berachain’s price has experienced a dramatic decline this week, dropping nearly 21% in just seven days, reaching a low of $2.88 after a significant unlock event on May 6th. The sharp decrease follows the release of $2.7 billion from Boyco Vaults, a program allowing early investors to earn rewards by depositing assets, which injected a substantial amount of capital into the market following its activation. This influx of funds triggered selling pressure and increased volatility across major trading pairs.