Berachain's own token, BERA, rose by over 150% on February 11 and marked its strongest daily increase in several months. The rise follows weeks of renewed activity after the project spent much of 2025 under pressure from falling prices, concerns about Token Unlocks, and uncertainty among investors.
The immediate triggering factor appears to be the foundation's strategic shift to a new model called 'Bera Builds Businesses.'
Berachain from refund fears to revenue ambitions: What has changed?
Announced in January, the initiative aims to support three to five revenue-generating applications designed to create sustainable demand for BERA.
Instead of relying on large token incentives, the network is now planning to focus on projects that can actually generate cash flows.
This shift changed the narrative.
Throughout 2025, Berachain struggled after TVL (total value locked) collapsed from early peak levels, and the token fell more than 90% from its highest point. Critics questioned whether this incentive-heavy growth model could survive a prolonged downturn in the market.
But a major uncertainty also disappeared this month.
A controversial redemption clause related to Brevan Howard's Nova Digital Fund expires on 6 February 2026. The clause reportedly gave the investor the right to demand repayment of $25 million if performance requirements were not met.
With the deadline passed, traders seem to view the removal of this risk as structurally positive.
At the same time, a major Token Unlock event occurred without triggering significant selling pressure. This led to what analysts refer to as a 'relief rally.'
On-chain and derivative data show increased trading volume and rising open interest.
Liquidation heat maps indicate clusters of short positions over key resistance levels, suggesting that short covering may have reinforced the positive trend.
However, risks remain.
Berachain continues to face pressure from token distribution and must prove that its business-oriented strategy can create sustained demand.
For now, however, the market seems to reward clarity and reduced uncertainty after a long period of silence.