What is Merlin Chain (MERL)?
Merlin Chain (MERL) is a Layer-2 asset on the ETH network. Reported market age is about 2y 6m. Listed for trading on Kraken, Bitget. Official site: merlinchain.io.
Merlin Chain Price
ETH
Layer-2
Track Merlin Chain Price Today — Live MERL Price Chart, Market Cap, Supply & Tokenomics
$0.02546
-1.32% 1D
Recently Viewed
1H+0.35%
1D-1.32%
1W-18.58%
1M+3.04%
Merlin Chain (MERL) price today is $0.02546 with a 24-hour trading volume of $2.95M and a market cap of $36.31M. MERL is down 1.32% in the last 24 hours, and its CryptoCop Movement Score is 2/100.
⚠️
Weak
CryptoCop verdict for MERL · Movement Score 2/100
Score 2RSI 39 LowGains Wiped 27%Kraken ★
MERL Price Chart
Bitget Spot · 30DLineCandles
1D1W1M3M1YALL
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Momentum at a Glance
Live scanner momentum — no reading requiredMovement Score
2/100
Green / Red Days · 14d
6G · 8R
27% held
RSI (14)
1D4H12H
39.3
Bearish
MFI (14)
1D4H12H
26.6
Oversold
MERL Order Flow
Live spot depth (MEXC · Bitget · Binance · Bybit · OKX · Kraken) + perp positioningDepth of Market
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Long / Short · accountsmerged
Longs 62%38% Shorts
L/S ratio 1.61
Futures · funding · open interestall exchanges
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Depth is the live cumulative spot order book from listed venues (MEXC, Bitget, Binance, Bybit, OKX, Kraken). Hover the curve to read resting liquidity at any price. Perp depth is used only when no spot book exists. Long/short, funding and open interest are merged across every perp exchange that publishes them (OI summed; funding and long share weighted by each exchange's OI).
Key Stats
Market ranges — momentum lives in Glance abovePrice · Lifetime Range
$0.01571843$1.45
Market Cap$36.31M
24h Volume$2.95M
All-Time High$1.45
All-Time Low$0.01571843
From ATH-98%
Supply Circulating
0%100%
Circulating1.43B68%
Total Supply2.10B
FDV$53.47M
BTC Corrr 0.45
Liquidity / Turnover
ThinActive
Vol / MCap0.081
Rel Volume0.7×
24h Vol Change+3%
Age2y 6m
Merlin Chain Analysis
Written programmatically — updates every refreshMerlin Chain trades around $0.02546 on $2.95M of 24h volume at a $36.31M market cap, down 18.58% over the last 7 days. Movement Score is 2/100 — an automated read of momentum, volume and structure.
The all-time high sits at $1.45, and the market now trades 98% below that peak.
About 68% of the reported supply is in circulation, 24-hour volume is 8.1% of market cap (moderate turnover), and the coin is up 3.0% over the past 30 days.
RSI (14) reads price momentum and MFI (14) reads volume-weighted money-flow pressure. On the daily frame, RSI is 39 (bearish) and MFI is 27 (negative money-flow pressure). Both oscillators are soft together — fading momentum with negative money-flow pressure.
The candle chart's moving averages (MA10 / 30 / 55 / 99 / 200) act as dynamic support when price holds above them and resistance when price trades below. Each level carries the move it would take to reach it from the current price. Price is currently above MA99 ($0.02258 · -11.3%), MA200 ($0.02474 · -2.8%) — those averages can cushion pullbacks. It sits below MA10 ($0.02858 · +12.3%), MA30 ($0.02938 · +15.4%), MA55 ($0.02627 · +3.2%), so rallies may stall into those levels until reclaimed. The Technical Analysis tab tallies each average on 1D, 4H and 12H.
Recent tape shows 6 green days out of 14 (43%) on the daily window, and gain retention sits near 27% — how much of upside moves typically stick rather than give back. Together with RSI, MFI and the MA stack, these fields feed the Technical Analysis vote on this page — not a price forecast.
MERL Highlights
Verified scanner facts — not a buy callTrading above the daily MA200 ($0.02474 · -2.8%)
Listed on Tier-1: Kraken
MERL Risk Analysis
Auto-generated from live metrics · updates every refreshTrading 98% below its all-time high — deep drawdown, higher recovery risk
+3% over the past 30 days
Moderate turnover — 8% volume/market-cap
68% of supply circulating — the rest can still unlock
High beta (1.34) — amplifies market swings both ways
MERL Price Prediction
Probability bands & year scenariosMERL Technical Analysis
Full indicator tally on its own pageCorrelation & Volatility
How this coin moves vs BTC, ETH & SOLvs Bitcoin
r 0.45
Moderate
Positive · daily returns
vs Ethereum
…
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daily returns
vs Solana
…
…
daily returns
Beta (volatility)
1.34
High vol
vs the broad market
BTC correlation + beta from the CryptoCop Market Correlations engine; ETH/SOL are Pearson of daily returns computed in your browser.
Coins That Move Like MERL
Sector · mcap · chain · pairwise r — Peer Matcher
Sector
Market cap
Chain
Correlation
7D
30D
90D
Chart stage
Opposite movers · negative correlation
Loading Peer Matcher…
Compare
Open in toolMERL Tokenomics & Token Unlocks
Supply schedule, vesting, circulating share & holdersMonthly Drip
1.82%/mo
Unlock Value
~$973,081/mo
Type
Linear vesting · ~38.2M MERL/mo
Token Holders
11
68% circulating · 32% locked
From the CryptoCop Token Unlocks pipeline (stables → supply-math → DefiLlama → CMC) — the same source the coin panel reads.
MERL Backers & Investors
Who funded the project — credibility at a glanceTSGThe Spartan GroupOVOKX VenturesAGAmber GroupMVMH VenturesHVHailstone Ventures
MERL Project & Links
Website, community & contractMERL in the Layer-2 Sector
Rank & related coinsWhere to Buy MERL
How-to-buy keyword pageMERL Historical Data
Daily closes from the scannerMERL Profit Calculator
Pure math — if the price reaches a level, what's the return?Investment (USD)
Target price (USD)
+$0 (0.0%)
Set a target above the current $0.02546
Pure math from the prices you enter — not a forecast.
Merlin Chain FAQ
Common questions about Merlin Chain price, unlocks, holders, correlation and where to buyWhat is the current price of MERL?
Merlin Chain is trading at $0.02546, down 1.32% over the last 24 hours. Prices refresh from Bitget and aggregate sources.
Why is MERL down today?
MERL is down 1.32% in the last 24 hours, 24h trading volume is up 3%. See Momentum and Technical Analysis for RSI and Movement Score.
What is MERL's market cap?
Merlin Chain has a market capitalisation of $36.31M, with a fully diluted valuation (FDV) of $53.33M.
What are the MERL tokenomics?
On Merlin Chain tokenomics: about 68.1% of total MERL supply is circulating, with 31.9% still locked, vesting or unissued; market cap is $36.31M against a fully diluted valuation of $53.33M; supply vests linearly at roughly 1.82% per month. The Tokenomics & Token Unlocks section on this page carries the vesting detail and the next unlock date.
How many token holders does MERL have?
Merlin Chain has about 11 on-chain token holders. Holder counts update on a refresh schedule and can differ by chain or explorer.
Which companies or VCs back MERL?
Reported backers for Merlin Chain include The Spartan Group, OKX Ventures, Amber Group, MH Ventures, Hailstone Ventures. Listed in the Backers section as project context.
Is there a token unlock coming for MERL?
Yes — the next scheduled MERL unlock is Oct 20, 2026 (in about 1 day), about 1.82% of supply. See the Tokenomics & Token Unlocks section on this page for the full vesting schedule.
Does MERL move with Bitcoin?
MERL's BTC correlation is r 0.45 (mild). That means it tends to move with Bitcoin across the daily price history on this page. Correlation is not causation and can change — see the Correlation block.
Which coins move like MERL?
Same-sector / similar-mcap peers currently include SNT, COTI, ANKR, BNT, METIS. Use Peer Matcher on this page to re-rank by sector, market-cap tier, chain, or pairwise correlation.
What is the current scanner readout for MERL?
The live readout for Merlin Chain is “Weak” with Movement Score 2/100. It summarizes RSI, volume, green days and related fields — not a buy or sell recommendation.
Which exchanges list MERL?
MERL is listed on Kraken, Bitget, Bybit, OKX, MEXC, KuCoin, Gate.io, Binance (Perp). For order types, fees and step-by-step instructions, see the How to Buy MERL page: https://cryptocop.pro/coin/merl/how-to-buy
What Is Merlin Chain (MERL)?
Sector, chain, supply and where it tradesMerlin Chain (MERL) is a Layer-2 token that trades on the ETH network. Its market history goes back about 2y 6m, measured from the first trade we hold.
MERL carries a market cap of about $36.31M on $2.95M of trading volume in 24 hours. That is a turnover of 8.1% of its market cap per day — moderate for a coin this size.
On MERL tokenomics, about 68.1% of the total supply is circulating today, leaving roughly 31.9% still locked, vesting or unissued. That is 1429.8M of a 2100.0M maximum supply. Fully diluted, MERL would be valued at $53.47M — the gap between the two is the supply still to reach the market. The next scheduled unlock is listed below.
MERL trades on 8 exchanges we track — Kraken, Bitget, Bybit, OKX, MEXC and 3 more. On-chain, about 11 wallets hold it. The project's official site is merlinchain.io.
Price, volume, supply and holder figures on this page refresh on a schedule from exchange and on-chain sources.
MERL Social & News
Keyword page for news intentOfficial and community posts for MERL.
Open Social & News →