MERL drops instead of rising after being listed on Binance Alpha, Binance Alpha shows its market cap as only $6M, which might be incorrect.
Binance Alpha has listed the Bitcoin Layer 2 concept token MERL. Reportedly, the total supply of this token is 2.1 billion, with a current circulating supply exceeding 500 million. According to dexscreener, its market cap is approximately $50 million.
Notably, MERL has dropped 4.47% in a short period after being listed on Alpha instead of experiencing a price increase.
#MERL #Merlin #Binance #BinanceAlpha
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