🚀 $MERL Due to the continuous unlocking facing selling pressure expectations, on-chain major holders have transferred assets to exchanges in advance, and the short-term trend is biased bearish.

The continuous unlocking of $MERL keeps bringing new circulating chips to the market. Even if no large-scale selling has occurred yet, the expectation that "more tokens will be available" has already made buyers hesitant, and rebounds always seem weak.

It is also important to pay attention to on-chain actions: some large holders transferred $MERL to exchanges before unlocking, as if they were preparing to sell in advance. This defensive posture often makes the market more cautious.

Before the new chips are absorbed by the market, the price is likely to remain weak. Recently, it is recommended to stay on the sidelines regarding $MERL , and a more cautious bearish approach is more prudent.