In February 2025, a cryptocurrency trader made a profit of $589,000 within two hours by shorting a new token called Berachain (BERA). The trader used 1.6 million USDC stablecoin to bet against the cryptocurrency on the decentralized platform Hyperliquid. Berachain experienced a strong rally soon after being listed, going from $7.85 to highs of $14.85 within one hour. However, it quickly dropped to lows near $6.96 just six hours later. As of the time of the news, Berachain had stabilized at $7.60, 48.82% below the recent highs but 9.2% above the lows.



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