Berachain, an EVM-identical Layer 1 blockchain utilizing a Proof-of-Liquidity consensus mechanism, officially launched its mainnet on February 6, 2025. The blockchain, which raised $100 million in Series B funding co-led by Framework Ventures and BH Digital, initiated a $632 million airdrop of its native BERA token, distributing 15.8% of the total supply of 500 million BERA tokens to the community. The airdrop includes 34.5 million BERA tokens distributed to holders of Bong Bears NFTs and related collections, including Bond, Boo, Baby, Band, and Bit Bears. BERA was listed on several major exchanges, including Binance, Coinbase, Kraken, KuCoin, OKX, and Bybit, with trading beginning at 13:00 UTC. The token opened trading at $7.50, giving it a fully diluted valuation (FDV) of approximately $3.75 billion. Within hours, BERA's price surged past $14, bringing its FDV to around $6.5 billion, with a circulating market cap exceeding $1 billion.