Binance Alpha Launches Second Wave of Merlin Chain Airdrops

On October 18, 2025, Binance Alpha began the second wave of Merlin Chain airdrops, allowing eligible users to claim 125 MERL tokens through their platform.

This strategic engagement initiative aims to enhance user activity and trading volumes on Binance, while potentially influencing MERL token demand and broader market dynamics.

Merlin Airdrop Requires 240 Alpha Points, Claimable for 24 Hours

Binance Alpha has introduced a new phase of its airdrop strategy with the launch of the second wave of Merlin Chain (MERL) airdrops, announced on October 18, 2025. Eligible participants can claim 125 MERL tokens given they hold at least 240 Binance Alpha Points. The threshold to claim decreases by 15 points every hour until all tokens are distributed. Users must finish their claims within 24 hours on the Binance Alpha event page.

The airdrop incentivizes engagement with the Binance platform, rewards community participation, and stimulates MERL trading volume. This structure ensures ongoing user involvement and promotes larger engagement metrics across the platform.

Binance Wallet Team, Binance Alpha, – “Binance Wallet is excited to launch the Merlin Trading Competition on Binance Alpha! During the Promotion Period, trade Merlin (MERL) in your Binance Wallet (Keyless) or via Binance Alpha to share exclusive token rewards.” source

Merlin Token Drops 11.99% as Market Adjusts to New Airdrop

Did you know? The current airdrop offers 125 MERL tokens, similar to earlier campaigns that delivered substantial boosts to platform activity and trading spikes.

According to CoinMarketCap, Merlin Chain (MERL) is priced at $0.32 with a market cap standing at $314.49 million. The fully diluted market cap reaches $674.62 million. Over the last 24 hours, MERL’s trading volume hit $52.24 million, marking a decrease of 45.50%. The token experienced a 7.40% decline in daily price and a 11.99% drop over the past week.

The Coigu Research Team emphasizes that the ongoing airdrop aligns with Binance Alpha’s strategy to strengthen the marketplace by potentially elevating MERL’s liquidity. Expert observations suggest that the airdrops cater to a participatory model that bolsters community engagement. These strategic distributions are expected to sustain interest in subsequent rounds of token offerings.