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

The continuous unlocking of MERL is bringing new circulating chips to the market. Even though no one has sold in large quantities yet, the expectation of "more goods to come" has already made buyers hesitant, and the rebounds seem weak.

It is also important to pay attention to on-chain actions: some large holders transferred $MERL to exchanges before the unlocking, which seems like preparation for selling in advance. This defensive posture often makes the market more cautious.

Before the new chips are digested by the market, prices are likely to maintain weakness. Recently, it is advised to remain neutral on $MERL and treat it with a bearish outlook for more safety.