BARD traded roughly
↘4%
lower over the past 24 hours as the
Foundation and Community received $36.91M in tokens, increasing circulating supply by 10.4%.
Monthly gains amid supply expansion
The asset rose roughly
↗15%
over the past month while trading volume declined roughly
↘34%
over the past 24 hours, with only 35% of the maximum supply currently in circulation.
Trading activity declines
Active traders decreased roughly
↘42%
over the past 24 hours with selling pressure at 2:1, meaning twice as many people were selling as buying over the same period.
Yield strategy shifts to covered calls
The project shifted its yield generation to a covered call strategy
in mid-August, changing how it generates returns for users who lock their Bitcoin in the protocol.
Significant future dilution potential
Only 35% of the maximum supply is currently in circulation, with the total potential value roughly 2.8 times the current market size as more tokens enter the market over time.