The native token of Berachain, BERA, rose by more than 150% on February 11. This is the largest one-day gain in months. The rally came after weeks of renewed activity, following a period where the project was under pressure throughout much of 2025 due to falling prices, concerns over token unlocks, and uncertainty among investors.

The immediate trigger seems to be the strategic move by the foundation towards a new model called 'Bera Builds Businesses.'

Berachain: From refund fears to revenue ambitions, what has changed?

This initiative was announced in January and aims to support three to five apps that generate revenue and thus create sustainable demand for BERA.

Instead of relying on large token rewards, the network now wants to focus on projects that can deliver real cash flow.

This shift has changed the narrative.

All of 2025 was difficult for Berachain. The TVL (total value locked) dropped from the initial highs, and the token fell more than 90% from the peak. Critics wondered if the growth model with large rewards could survive a long bear market.

However, a major risk has disappeared this month.

A discussion point was a repayment clause that belonged to the Nova Digital fund of Brevan Howard. It expired on February 6, 2026. The clause gave the investor the right to request $25 million back if performance conditions were not met.

Now that this deadline has passed, it seems positive for traders that this risk has disappeared.

At the same time, a large token unlock occurred without heavy selling behavior. According to analysts, this led to a 'relief rally'.

On-chain and derivatives data show an increasing trading volume and a rise in open interest.

Liquidation heatmaps show that there are many short positions above key resistance levels. This indicates that closing shorts has strengthened the upward momentum.

Still, there are always risks.

Berachain is still under pressure due to token distribution and must prove that the focus on business can indeed create lasting demand.

For now, the market rewards clarity and the removal of uncertainty, after a long period of silence.