The Berachain (Bera) price received a harsh blow with the general decline in the crypto market. Bera, which fell to the level of 5 dollars by losing 14 %in just one day, created question marks in the eyes of investors. Token, which reached $ 15 for a period, questioned his potential again with this decline. Arthur Hayes, the founding partner of Bitmex, made remarkable statements about the causes of this collapse.
Decrease in Bera Coin Price and Arthur Hayes’ interpretation
The price of Berachain experienced a sharp decrease of 14 %in the last 24 hours and fell to $ 5.02. The lowest level during the day was recorded as 4.76 dollars and the highest level was recorded as 5.93 dollars. This decrease took place due to the fluctuation in the general crypto market, and Bera Coin made a significant correction after an increase of approximately 400 %in a week.
Arthur Hayes, said in a statement about this collapse, high -start prices negatively affect the long -term success of tokens, he stressed. Hayes,
All Shitcoin founders should pay attention to. Work with your market makers to open the market healthier and start at lower prices
he said. These words were perceived as an important warning of the uncertainty in the price of the bera.
Opening of supply lock and the future of Berachain
The pressure on the price of Bera Coin was not limited to the market drop. According to a statement by Orderly Network, 2.6 %of the total bera supply was released today. This increase in supply increased the sales pressure on the price, led to even greater losses.
In addition, Moonrock Capital CEO Simon criticized Bera’s 70 %of the peak level. Simon, Airdrops are completely nonsense. Another proof of this situation, he expressed his doubts about token’s sustainability. These explanations led to the more closely monitoring of Bera’s future movements by investors.
Signals for investors
Investors should be careful in this turbulent period of Bera and take into account this turbulent period while investing. If the Token cannot maintain its current support levels, he may experience even greater losses.
On the other hand, the gradually decreasing supply pressure and the increase in investor confidence seems to be re -recovery of the price.
