Merlin Chain Rises 16% as Open Interest Peaks at $75M

2025-12-14 06:10

Merlin Chain (MERL) experienced a 16% surge, reaching a new peak in perpetual Open Interest at $75.79 million, according to recent on-chain data. The number of holders has increased to 173,800, with long positions fueling the rally. Despite the upward momentum, on-chain data indicates potential liquidity clusters below current price levels, suggesting a possible market pullback. Traders are advised to monitor these developments closely as the market dynamics evolve.

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