The token of Verachain, BERA, surged over 150% on February 11, marking the largest daily increase in months. This rise is a result of a project that has been under pressure for most of 2025 due to price declines, token unlock concerns, and investor uncertainty, showing new movement in recent weeks.
The immediate reason is that the foundation has shifted its strategy to a new model called 'Bera Builds Businesses.'
Verachain refund controversy…change in profit goals?
The plan announced in January of this year aims to support 3 to 5 revenue-generating applications that can create sustainable demand for BERA.
Verachain network plans to focus on projects that can generate actual cash flow instead of relying on excessive token incentives.
These changes have altered the narrative.
Throughout 2025, Verachain's TVL (Total Value Locked) significantly decreased from its initial peak, and token prices fell more than 90% from their highs. Critics have raised doubts about whether a growth model reliant on incentives can survive in a market downturn.
Other major negative factors were resolved this month.
The controversial refund clause associated with Brevan Howard's Nobledigital fund expired on February 6, 2026. It is reported that this clause allowed investors to request a refund of $25 million if performance conditions were not met.
As this deadline has passed, investors are structurally interpreting the removal of risks as a positive signal.
At the same time, the large-scale token unlock event ended without significant selling pressure. This result supported the upward trend that analysts refer to as the 'relief rally'.
On-chain and derivatives data show an increase in trading volume and open interest.
The liquidation heatmap shows that short positions are concentrated above key resistance levels. This suggests that short covering may have further accelerated the upward trend.
There are still risk factors remaining.
Verachain is under continuous token distribution pressure and must prove that its business-centered strategy can lead to sustained demand.
However, so far, the market has positively assessed the clarity and resolution of uncertainties after a long silence.
