Berachain is under scrutiny for not disclosing a rare investment term to other investors, raising questions about potential violations of Most Favored Nation (MFN) clauses and disclosure obligations. The price of BERA has fallen approximately 66% from Nova's investment price of $3. Berachain co-founder Smokey the Bera stated that all parties used the same documents in the funding round but did not address specific questions or clarify the commercial agreements involved.