On February 6th, crypto researcher and founder of DYtheta R @hmalviya9 shared Berachain valuation analysis on its social platform: Berachain raised $142 million at an average valuation of $414 million by allocating about 34.3% of the supply to VCs. The average entry price of VCs calculated from this is about $0.82. If BERA matches the unrealized VC gains of SUI (about 15x), the token should be priced above $15 at launch, but the probability is low. If the token matches Sei's unrealized VC gains (around 10x), its listing price should be higher than $10. Therefore, the bull market price of BERA will be between $10-15 and the bear market price will be between $5-10.