Binance Distributes Additional 530 MERL Tokens to Airdrop Recipients – Coincu

Binance has announced the distribution of an additional 530 MERL tokens to users who previously received a MERL airdrop via official channels.

The expansion of the airdrop aims to boost user engagement and platform activity in the rapidly changing cryptocurrency market.

Binance Increases MERL Airdrop by 530 Tokens

Binance recently communicated on social media that it distributed an additional 530 MERL tokens to users who had previously received the MERL airdrop. This action highlights Binance’s efforts to further solidify user engagement and trust within its community.

The additional token distribution is part of Binance’s strategy to incentivize platform participation. This move could potentially stimulate trading activity around the MERL token as a result of increased interest.

Community response thus far reflects positivity towards the additional airdrop initiative, with Binance confirming these benefits through their official channels. No major public statements from crypto influencers or key figures have been made regarding this specific expansion.

“If you have at least 193 Binance Alpha points, you’re eligible to claim 1,000 MERL tokens starting 9:00 UTC, May 20, 2025 on the Alpha Event page. Claiming will consume 15 Alpha points, and you must confirm your claim within 24 hours (by 9:00 UTC, May 21, 2025). Miss it, and the airdrop will be forfeited.” — Binance Official Statement, Binance.

MERL Trading Volume Surges Amid Price Fluctuations

Did you know? Binance’s history with airdrops, including the NXPC token, often leads to short-term spikes in trading volumes and volatility, drawing in new traders and staking participants.

Merlin Chain (MERL) is currently trading at $0.09, holding a market cap of $63.37 million and a dominant market position. The fully diluted market cap stands at $183.55 million, as per CoinMarketCap. The recent trading volume escalated by 50.99% to $58.21 million. The token saw a 6.30% price decrease in the last 24 hours, noting a 25.81% decline over the past week.

Coincu’s research team indicates that Binance’s airdrop activities are likely to encourage greater trading participation, potentially affecting MERL’s price stability. Such distributions could lead to varying financial outcomes, depending on continued user confidence and market dynamics.