Merlin Chain’s Wild Ride: MERL Soars, Then Slides (With a Side of Drama!)

The recent MERL surge? Let’s call it a “liquidity love-in.” The derivatives market, that madhouse of numbers and bets, has poured $75.79 million into MERL’s Open Interest (OI)-a record for something no one quite understands. For context, that’s a 27-million-dollar one-day spike. If markets were a high school, MERL would be the kid who shows up in a new outfit every day, all borrowed from their mom’s closet. 🧥💸





