BlockBeats news, on May 19, according to information from the community manager Super Jun, HONEY on Berachain has been unable to be redeemed for USDC for over 50 hours.
According to BlockBeats verification, the current official redemption page shows 'USDC.e is currently exhausted. Please switch to BYUSD.'
Currently, HONEY has not shown any significant de-pegging situation, the official redemption page shows that 10,000 HONEY can be redeemed for 9,995 BYUSD. The market capitalization of HONEY is currently reported at 100 million USD.
