Berachain, a new memecoin, has experienced a volatile launch, with its market capitalization reportedly reaching $600,000 just hours after its debut. Concerns have been raised regarding the token's distribution, with claims that 75% to 85% of the allocation is controlled by founders and venture capitalists, leading to dissatisfaction among community members who did not receive airdrops. The launch faced challenges due to supply constraints, as users were required to bridge their NFTs to Berachain to claim their airdrops, resulting in limited available supply at the start. Despite these issues, another memecoin on Berachain reached a market cap of $1 million, developed by a user known as @napzilla_, indicating potential for future growth in the ecosystem.