On May 21, 2025, Binance distributed an additional 530 MERL tokens to users following an initial airdrop campaign. This update boosts user engagement and could influence MERL’s trading volume and market dynamics.
Binance announced on May 21 that it had executed an additional 530 MERL token airdrop to users who participated in the initial airdrop starting on May 20. Successfully received users of the 1,000 MERL token distribution were eligible for this supplementary airdrop.
Binance’s 530 MERL Airdrop Spurs User Engagement
The additional airdrop demonstrates Binance’s commitment to its platform participants and enhances user confidence in Airdrop functionalities. Token traders and holders can benefit from this increased engagement, which may support the cryptocurrency’s ecosystem stability and liquidity.
Market reactions indicate heightened trading activities. According to responses observed via Binance’s social media, some users expressed satisfaction, while others eagerly partook in the recently announced MERL trading competition that promises large token rewards. Industry analysts are watching how these actions affect MERL’s trading momentum in the coming weeks.
MERL Price Reactions and Industry Analysis
Did you know? Additional airdrops like Binance’s MERL can occasionally lead to increased trading activity as users leverage new tokens, potentially affecting the short-term market outlook.
According to CoinMarketCap, Merlin Chain’s (MERL) current price is $0.10 with a market cap of $68.96 million. Over 24 hours, it’s seen a 2.28% rise despite a 90-day reduction of 1.64%. Trading volume reached $82.66 million, representing a 90.43% increase.
The Coincu research team notes that ongoing initiatives to distribute tokens often prompt short-term trading surges, implying market shifts may present opportunities. With trading volumes increasing, such fluctuations warrant monitoring within the broader digital currency market.
