🚨 #MERL Alert: Beware of "Pump and Dump" Strategies

Brothers, take note, $MERL suddenly surged by 17%, reaching a price of 0.436 USDT, and CMC jumped into the top 100, but this looks more like a typical low liquidity pump.

📌 On-chain risk signals are very clear:

1️⃣ High control: The top 5 addresses hold over 64% of the chips, with the first address monopolizing 35%, making the price highly manipulable.

2️⃣ Thin liquidity: Large sell orders during the pump show significant slippage, indicating that it is not real buying pressure driving the price.

3️⃣ History repeating: In September, the team address once transferred 34 million tokens in one go, and the controversy over cashing out has not yet dissipated.

🎯 Strategy view:

The current price clearly overdraws buying power. If it continues to rise to around 0.48 USDT, it will be a high-risk pump area. The hourly chart has shown signs of weakening, and I personally lean towards a bearish view, having also set aside some positions, with a short-term target focusing on the 0.35 area.