Movement price

Berachain's Boyco unlock countdown on May 6: 20 hours left $BERA 🐻 $BERA 🐻: Doom or rebirth? As everyone knows, $BERA has suffered a significant drop this month (-40%), mainly due to anticipated selling pressure from the upcoming Boyco unlock. 💡 Boyco assets will be unlocked tomorrow at 8:30 PM. 💡 2% of $BERA tokens (10M) will be unlocked in one go on this day. 💡 Berachain's capital outflow has slowed down since last week. **Type 1: I want to cash out, what should I do?** 1️⃣ Some protocols require redemption through their official websites, such as @ConcreteXYZ and @Stake_Stone. Note that withdrawals from these platforms will enter a 24-72 hour queue. - @origami_fi: Two steps are required: Retrieve your deposit LP tokens from the Boyco page, then withdraw USDC from the Origami page. 2️⃣ If you are a direct participant in Boyco, you can redeem directly on Royco. The website is here: The official team has also prepared documentation to help more users transfer funds with one click and continue earning yields. ⚠️ If your funds are stored in the pre-pre deposit vault, your rewards will not appear in the checker. ⚠️ When exiting assets, you will inevitably face slippage risks during swaps, such as HONEY <> USDC, or sudden spikes in Layer0 cross-chain fees. Be cautious during cross-chain transactions. **Type 2: I want to continue farming as a bear 🐻 👨‍🌾. What other opportunities are there for the funds I withdraw?** Currently, several teams have already prepared measures to accommodate the funds released from the Boyco unlock, allowing users to continue farming. This makes sense, as it provides an opportunity for each protocol to capture more TVL. Here are a few examples: - @beraborrow: Launching the Beraborrow Managed Leverage Vault tomorrow. Funds from users who participated in Boyco will be automatically transferred, requiring no additional action. - @Lombard_Finance: Supports one-click upgrades for participating users to Lombard's most popular new DeFi strategy vaults. I also noticed that @BerachainCN has already provided a very comprehensive guide for this group of users earlier. Whether it's $BTC, $ETH, stablecoins, or $BERA, there are opportunities for all! Additionally, there are detailed steps for asset withdrawal that you can refer to. **Type 3: I'm unsure whether to continue with Berachain. What information should I focus on?** I agree with @jimcurrywang's tweet today, stating that $BGT is undoubtedly the most important asset in the ecosystem. A lack of buying pressure indicates a lack of confidence from major holders. When $BERA's price dropped to a point where confidence was lost, the first thing I bought was $BGT-related assets (e.g., iBGT, LBGT). From my observation, iBGT/BERA hasn't dropped significantly 👀. For further information, credit to @0x_ultra. **Key points to consider regarding confidence in Berachain's future:** 1️⃣ Capital outflows: As mentioned earlier, the DeFi weekly report tracks the top 3 inflows and outflows weekly, providing insights into capital movements on each chain. Berachain's capital outflows began to slow down last week. Therefore, I believe the Boyco unlock is unlikely to be as disastrous as some expect. However, on-chain data should continue to be monitored. 2️⃣ Has the official team prepared for the potential impact of Boyco on the ecosystem? From the documents they released, I think they show some sincerity. However, for users whose yields may fall short of expectations, are there other incentives to look forward to? This is also worth keeping an eye on. After all, Bera's DeFi ecosystem has been running for a while, and other types of protocols are just starting to launch. It would be a pity if it were to fail prematurely. Frankly, I don't think $BERA's FDV will drop to the same level as $MOVE. Hopefully, a short-term rebound can boost morale.

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"Competition is healthy and natural in business, but there is clearly a lot of conversations happening with Regulators and Governments that are net negative for the growth of the space but potentially net positive for individual actors"

Ever since the launch of $MOVE, I’ve been calling out @rushimanche’s shady activities and raising red flags multiple times. Interestingly, I got criticism not just from the community, but even from partners at tIeR oNe VCs. Of course, I won’t always be right - some of my takes will inevitably be wrong. But I will never shy away from speaking up when a project shows obvious warning signs. Unfortunately, that’s not the case for many other “KOLs” once money is involved. Always remember: trust no one in this space.

Landed back in NYC from Dubai over the weekend, and I have a bit of a different view than most on what the real takeaways are. First, the good: 1/ Adoption of Stablecoins, Tokenization, real world use cases is accelerating in and outside of crypto (s/o @cmoyall and @tarunchitra on the very cool ACRED / Morpho announcement last week and another awesome conversation with @santiagoroel on Inversion) - but seriously, you don't all need stablecoins. Stop it 2/ As an offshoot of #1, lots of excitement about how to innovate in DeFi as capital markets collide between the crypto and traditional worlds (lots of conversation about @ethena_labs and @Securitize w/ Converge, tons of excitement about web 2/tradfi companies coming onto @solana) 3/ A lot of excitement about AI/Crypto but we've finally entered a more rationale, nuanced discussion about what works and what doesn't - the focus on memecoin chatbots has died thankfully died down 4/ Infra conversations are more focused on building specific improvements needed to bring already existing highly performant chains into the hands of many (eg. @doublezero, privacy, abstraction) 5/ Lastly, lots of founders excited about real metrics, revenue, users, etc -> less focus on just narrative But, still a lot of bad: 6/ Primarily just the level of grift continues to accelerate and accelerate quickly -> people have seen this current time platform and reward some of the worst behavior. The snapback against MOVE is nice to see - but it's not enough. And the grift is institutionalizing and coming out of the fringes 7/ Seeing a lot of the excess come back - focus on glamorous parties, throwing around lots of money for flashy parties, etc - similar to 2021 there is a lot of "we've already made it" behavior from people in a "fake it till you make it" mode. Capital allocation is still not efficient 8/ Tribalism seems to only be increasing, not decreasing -> I still strongly believe this industry is too nascent for the level of underhanded competition that we are seeing. Competition is healthy and natural in business, but there is clearly a lot of conversations happening with Regulators and Governments that are net negative for the growth of the space but potentially net positive for individual actors 9/ People are tired and apathetic already at a time when we should feel energized because of the fundamental tailwinds behind the industry. Especially outside of the categories in #1, and it's all related to just how disheartened people have become because of the accelerating levels of grift. We can't win new talent if we can't self police. We need to do better. I'm excited about the opportunity we have as an industry and @token2049 is a great event, but we need to do better to align incentives so we can more easily self police at a time when there are tremendous amounts of positives underpinning the industry