IR (Infrared) reached a high of $0.35, with a market capitalization of approximately $51.2 million.

Gate News Bot Message, December 18th, according to CoinMarketCap data, as of press time, IR (Infrared) is currently priced at $0.25, down 27.04% in the past 24 hours, with a high of $0.35 and a low of $0.18. The 24-hour trading volume reached $122 million. The current market cap is approximately $51.2 million, a decrease of $18.97 million from yesterday.

Infrared is a Proof of Liquidity (PoL) protocol built on Berachain that simplifies interactions with PoL to provide users with convenient liquid product solutions. The protocol currently has a TVL of $231 million, with an ecosystem including PoL vaults (APR up to 1190.18%), iBGT liquid governance tokens (APR 85.95%), and iBERA liquid staking products (APR 3.06%). Infrared aims to maximize value capture by offering user-friendly BGT and BERA liquid solutions, node infrastructure, and PoL vaults to enhance the Berachain ecosystem’s user experience and growth.

IR (Infrared) recent important news:

1️⃣ Gate’s global launch drives initial liquidity release IR tokens were first listed on the Gate platform for spot trading on December 17, and the platform also launched a new instant exchange feature supporting one-click swaps of over 2200 cryptocurrencies. Initial listings often come with significant selling pressure, especially after airdrops and pre-deposit claims, as early holders tend to sell tokens to realize gains. The high trading volume ($122 million in 24 hours) and sharp decline reflect the market supply pressure during the early launch phase.

2️⃣ Airdrop distribution and pre-deposit process completion trigger a sell-off IR token airdrops were officially available for claim on December 17, targeting early community members, Boyco pre-deposit participants, and other user groups. The pre-deposit process ended on December 15, resulting in a large accumulated airdrop amount awaiting distribution. The concentrated release of free or low-cost tokens into circulation exerts downward pressure on the price. These non-paid tokens often have strong sell-off tendencies.

3️⃣ Launchpool staking mining launched to increase ecosystem participation but disperses liquidity Gate Launchpool phase 350 IR staking event started on December 17, where users staking IR tokens can share 150,000 tokens as rewards, with the mining period ending on December 20. This activity aims to lock some liquidity and increase user engagement but cannot offset the short-term sell pressure from airdrop liquidity release and initial listing. Support from institutional investors (Framework Ventures, YZi Labs, Dao5, Hack VC, Animoca Brands, etc.) adds fundamental strength but is insufficient to counteract the short-term downward supply pressure.

This message is not investment advice. Investors should be aware of market volatility risks.