Recently, there have been quite a few positive developments for $MERL. According to monitoring by @lookonchain, in the past 6 days, two major whales have withdrawn 98.24 million $MERL (approximately 10.03% of the circulating supply, valued at 14.9 million USD) from exchanges. Notably, this action occurred after a 77% surge in $MERL over 7 days, indicating not a sell-off, but rather a continued accumulation at high levels, releasing a strong long-term bullish signal. NASDAQ-listed company CIMG Inc. has partnered with @MerlinLayer2 to launch a $55 million BTC treasury, with the first batch of 500 BTC already on-chain earning interest. The entry of institutional funds not only provides a compliant path for BTCFi but also injects new value imagination into $MERL. Additionally, the total amount staked on-chain has reached 232 million (accounting for 23.7% of the circulating supply), with only 91.84 million remaining on centralized exchanges. The floating supply is rapidly decreasing, the...
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