Fridaytt

$MERL 短期仍难翻身，0.2 才是真正的情绪生命线。

别再被几根反弹 K 线洗脑了！从价格结构来看，高位放量却走不动，说明多头资金已经衰竭；均线彻底空头排列，上方密集套牢盘压得主力都懒得维稳。

最关键的是：供给侧持续扩张，抛压只会越滚越大。现在的阴跌只是前戏，一旦情绪断裂，急杀会来得比你想象更快。真正的支撑并不在现在的位置，而在更下方的 0.2 美元区间——那才是资金可能重新进场、恐慌情绪出清的位置。

在这种结构下贸然接刀，只会成接盘侠。短线策略很简单：观望、等待、让价格砸到真正的支撑位再动手。 这才是当前行情下最理智的做法。

MERL 这位置我继续看空：12 月这波解锁真不友好

$MERL 现在最大的问题，不在故事，在供给。12 月一共 4 个关键解锁日（12/12、12/15、12/16、12/19）叠加释放约 7,000 万枚筹码，典型的集中出货周期。哪怕这些筹码不全砸盘，光“预期抛压”就足够把买盘吓退一半——主动挂单越来越少，深度越来越薄，稍微有点卖盘就能把盘面往下按。

更麻烦的是，不少 OTC 成本区间更低，现在价格对他们来说还是利润区，一有反弹就有人愿意先锁收益，这就让上方成了“逢高兑现区”，而不是“新一轮趋势起点”。你看到的是 K 线上上下拉扯，我看到的是一批一批解锁资金在找高位出口。

短期我对 MERL 的基准预期就是：解锁没走完，情绪没杀透，价格难有像样趋势反转。

我个人更倾向，等它被解锁节奏磨到 0.2 左右这种位置，筹码和情绪真正洗一遍，再谈什么“新故事、新阶段”。在那之前，这票在我这就是偏空品种，反弹更多像给解锁筹码做离场通道，而不是给多头上的电梯。
#MERL

⚠️ MERL is heading towards an irreversible market disaster.
Beneath the seemingly calm surface, an unprecedented amount of selling pressure is accumulating — 70 million OTC unlocks are about to explode on 12/12, 12/15, 12/16, and 12/19.

Such a level of supply shock is beyond what any support or rebound can withstand.
Even more deadly is the psychological aspect:
As long as the unlocking news exists, market participants will anticipate a crash, leading to early withdrawal of liquidity and creating a self-reinforcing downward cycle.

The low-cost chips of arbitrageurs will become the sharpest knives, and all rebounds will be seen as opportunities to exit.
Instead of hoping for miracles on the edge of the abyss, it’s better to jump ship before the market sinks.

Cruel but realistic:
MERL is not just weak, but has completely lost its upward structure.

#MERL #Airdrop #Crypto #CoinCircle #Crash

The truth is never static; it is constantly being verified and advanced over time. Current events have entered a new stage of development, with more key clues gradually coming to light, and subsequent progress will continue to be disclosed to the public. As the investigation deepens, the contours of the facts are becoming increasingly clear, and the core issues that the market is most concerned about are being addressed one by one. This not only relates to the direction of a single event but also concerns the industry's long-term understanding of transparency, fairness, and trust mechanisms. Further interpretation and dynamic updates regarding this event are being continuously followed up and reported by Sam Reynolds on CoinDesk; more details are worth paying attention to.

@Justin Sun孙宇晨 #TRONEcoStar

At the briefing held in Hong Kong today, Justin Sun publicly disclosed the latest situation regarding the alleged illegal misappropriation of TUSD reserve funds, and further explained the related fund flows, responsible parties, and potential risks. This statement is seen as an important milestone in the event's transition to a more public and judicial phase, and has sparked significant market attention on the safety and compliance of stablecoin reserves. Meanwhile, he expressed high recognition of the DIFC Court's global asset freeze order against Aria Commodities DMCC for $456 million, believing that this ruling has landmark significance in terms of cross-border judicial cooperation, asset preservation, and protection of investor rights. As global judicial processes continue to advance, relevant facts are still being clarified, and subsequent developments will continue to attract attention.

@Justin Sun孙宇晨 #TRONEcoStar

To assist with the current rescue and subsequent reconstruction efforts, a donation will be made to support the emergency needs of the affected people and help them rebuild their homes and restore normalcy as soon as possible. We sincerely hope that this small contribution can provide tangible assistance and spiritual solace to the community at a critical time.

@Justin Sun孙宇晨 #TRONEcoSta

🍁【感恩节特别策划｜回顾市场的惊喜与冲击，前瞻 2026 新格局】
2025 年仍在不断制造意外：叙事反转、黑马频出、行情节奏频频打破预期。站在这一年的关键节点，我们将系统复盘哪些逻辑正在被重塑，哪些共识正在被挑战，以及哪些主题、风险与“未知变量”可能主导 2026。

🔥 本期 #SunFlash Roundtable Space 将深度拆解：市场情绪如何演变、叙事如何加速轮动、用户行为如何从 FOMO 转向 DCA 再到投机博弈，同时重点讨论——如何在噪音中分辨真正的趋势与纯粹的热度。

🗓️ 时间：11 月 27 日 14:00（UTC）

这不是一次简单的行情讨论，而是一场面向 2026 的前瞻对话。别错过。

@Justin Sun孙宇晨 #TRONEcoStar

📢【Issue 49 SUN Token Buyback and Destruction Announcement】Officially Released！
According to the latest data statistics, from November 3, 2025, to November 27, 2025 (SGT), this round has completed a total buyback and destruction of 2,151,137.8724 $SUN, continuously promoting the contraction of token supply and solidifying the foundation of long-term value.

Since the buyback and destruction mechanism was launched on December 15, 2021, the SUN team has completed a cumulative buyback and destruction of 650,686,380.77 $SUN, with the overall deflationary process steadily advancing. Among them:
🔹 The buyback and destruction supported by SunSwap V2 earnings totaled 364,806,465.96 $SUN
🔹 The buyback and destruction supported by #SunPump earnings totaled 285,879,914.81 $SUN

The continuous, transparent, and verifiable buyback and destruction mechanism not only reflects the real business capability of the ecosystem but also provides solid support for the long-term value of $SUN. Deflation continues, with a clear rhythm and direction.

@Justin Sun孙宇晨 #TRONEcoStar

This Thanksgiving, the excitement is not only at the dining table but is also fully ignited on the chain battlefield! The TRON Eco and SafePal series of events have officially launched. By trading TRON ecological tokens and cheering for the team you support, you have the chance to win generous rewards from a luxurious prize pool that includes SafePal hardware wallets.

This is not just an ordinary trading event; it is a festive celebration that gathers community enthusiasm, popularity support, and real profits. You can participate in trading while creating buzz for your camp, allowing the token fervor to continue fermenting within the community. With the dual push of cheers and trading volume, reap your festive returns.

This Thanksgiving is not only about thanking the past but also about gearing up for the upcoming steps and opportunities. Join the TRON Eco × SafePal series of events to express your support through action, ignite your luck through trading, and make this Thanksgiving truly “engaging, rewarding, and present.”

@Justin Sun孙宇晨 #TRONEcoSt

🔥 The five major TRON token teams' support battle officially begins! 🔥
$SUN, $NFT, $BTT, $JST, and $WIN gather together, and the battle is on! Now you can not only crazily call for the token you support but also generate popularity while winning real rewards, maximizing both the heat and profits of your camp!

💰 This support prize pool is worth 2,000 USDT, including 15 limited edition SafePal hardware wallets, ensuring both popularity and strength.

🚀 Participation is super simple:
Follow the designated account → Like and share the event post → Comment in the specified format and @3 friends to support the token team you back. You can also rally friends to join the SUN.io to participate in the five tiger battle trading event, with a maximum prize pool of 5,000 USDT sprinting together!

💡 Extra scoring items:
Share your real trading results in the five tiger battle to earn extra popularity points, helping your team climb to the top faster.

🎁 Reward setup:
TOP 1: 80 USDT
TOP 2–4: SafePal X1 hardware wallet
Community popularity award: 20 USDT × 3
Lucky random draw: 10 USDT × 5

👏 Gather your teammates, ignite community enthusiasm, and let the token you support roar the loudest in this support battle!

@Justin Sun孙宇晨 #TRONEcoStar

📢 The brand new AI on-chain assistant SunAgent is officially launched, starting a smarter TRON interaction era! This is an AI-driven trading tool specifically designed for the TRON ecosystem, making complex on-chain operations as simple as chatting through natural language dialogue.

With SunAgent, you can:
🔹 One-click token issuance: Just give a command in the chat to quickly create and deploy tokens on SunPump;
🔹 Asset management: Easily complete transfers, stake to gain energy or borrow, energy proxy and recovery, voting, and reward collection;
🔹 Instant trading: Perform transactions between SUN.io and SunPump directly in the chat interface;
🔹 Data query: Instantly obtain on-chain data and account information through TRONSCAN.

💬 Intelligent dialogue drives smarter crypto operations. With just one sentence, you can complete your on-chain commands. Head over to sunagent.ai now to experience the new interaction method of AI + TRON firsthand!

@Justin Sun孙宇晨 #TRONEcoStar

In the current TRON ecosystem, entering the liquidity pool ahead of time is not just simple participation, but rather positioning your funds at the starting point of the 'flow.' Markets change, narratives shift, but funds always chase efficiency. Instead of waiting on the sidelines, it's better to dive in directly, allowing assets to breathe and accelerate alongside liquidity.

SunPump is already in place, with rhythm, depth, and intensity fully charged. Today's choices could very well be the starting point for your next market segment. #gm is not just a greeting, but a signal to enter the market.

@Justin Sun孙宇晨 #TRONEcoStar

#gm 早安，流动性准备就绪了吗？当市场开始苏醒，真正的机会往往就在资金涌动的那一刻。想要更快进入节奏、捕捉更优价格、释放资产效率，那就直接走进池子里吧——流动性，才是交易真正的底层引擎。

@Justin Sun孙宇晨 #TRONEcoSt

#TRON's total on-chain transfer amount has officially surpassed the $23 trillion mark. This milestone data is not just a leap in numbers; it is the result of the long-term accumulation of real user behavior worldwide. It intuitively reflects TRON's continuous leadership in high concurrent processing capabilities, stability, and low-cost transfers, and indicates that on-chain finance is being continuously validated by more real-world scenarios.

From daily payments and cross-border transfers to DeFi, stablecoin circulation, and collaborative growth of ecosystem applications, TRON's network capacity has become an important infrastructure supporting global financial circulation. This chain is not just "able to run"; it is "able to run steadily for the long term."

As the on-chain amount continuously breaks records, behind it is the real demand of hundreds of millions of users that is continuously occurring. What we are witnessing is not just one data breakthrough after another, but a more inclusive, more efficient, and more accessible global financial new infrastructure gradually taking shape.

@Justin Sun孙宇晨 #TRONEcoStar

WINkLink officially announces a strategic ecological partnership with the decentralized wallet @AtomicWallet! Atomic Wallet, known for supporting over 1000 types of crypto assets as a self-custody wallet, has long been recognized for its "security, autonomy, and simplicity of operation," dedicated to providing users with an asset management experience that truly puts them in control of their private keys. It has now officially become an important member of the WINkLink ecosystem.

Since the comprehensive upgrade of the WINkLink Oracle ecosystem, the team has continued to promote deep cooperation with high-quality Web3 partners. This alliance with Atomic Wallet not only strengthens the connection between oracle data and decentralized asset management but also brings users a more stable, reliable, and smooth on-chain experience, allowing the value of data to truly translate into practical applications.

In the future, both parties will work together to further promote the widespread adoption of Web3 self-custody security standards, expand more real-world use cases, and provide the #WINkLink and #TRON communities with a more impactful decentralized application experience, jointly accelerating the blockchain's journey toward mainstream adoption.
#TRONEcoStar @Justin Sun孙宇晨

🚀 TRON Core Client java-tron v4.8.1 (Democritus) pre-release version has officially been deployed on the Nile testnet. This is a mandatory protocol upgrade that marks a key step for TRON towards stability in underlying architecture and compatibility with Ethereum.

This upgrade focuses on three core areas:
✅ Enhanced EVM behavior consistency — Achieving a higher degree of alignment with Ethereum execution specifications, significantly reducing cross-chain and contract migration risks;
✅ Improved network stability and security — Addressing extreme scenarios and edge conditions with underlying fixes to enhance node fault tolerance and attack resistance;
✅ Comprehensive optimization of the development environment — Providing developers with a more stable and predictable execution environment, further lowering the deployment and maintenance costs of Web3 applications.

As a mandatory upgrade version, v4.8.1 is not just a technical parameter update, but a key infrastructure preparation by TRON to support larger scale DeFi, AI, RWA, and other high-concurrency applications. After the mainnet upgrade is completed in the future, TRON's performance ceiling and security boundaries will be raised simultaneously, providing a more certain on-chain environment for global developers and users.

@Justin Sun孙宇晨 #TRONEcoStar

🔥 孙悟空（SunX）平台正在用真实数据跑出加速度——累计交易额正式突破 112 亿 USDT，这不仅是流量的堆积，更是用户信任与交易深度持续放大的结果。一个去中心化交易平台，能在竞争激烈的市场中持续放量，本身就代表着强劲的产品力与生态粘性。

与此同时，SunX 重磅开启 总奖池高达 100 万枚 $SUN 的邀请好友活动！无论你是老用户还是新玩家，只要成功邀请，邀请双方都能获得奖励，真正实现「边交易、边裂变、边拿奖励」的正循环。

当前正是平台增长红利期 + 激励最集中的窗口阶段，错过只会抬高未来的参与成本。想低成本参与、提前卡位生态红利的，现在就是最优时机。

@Justin Sun孙宇晨
#TRONEcoStar

📢 Major Update｜WBTC Officially Launched Supply and Lending Market！
Starting from November 28, 2025 (SGT), users can directly deposit and borrow WBTC on JustLend DAO, adding a high liquidity asset to the TRON DeFi ecosystem. WBTC, as a 1:1 pegged tokenized asset to Bitcoin, relies on transparent custody and auditing mechanisms, balancing security and liquidity.

This WBTC market adopts a robust risk control structure with a 75% collateralization ratio + 5% reserve factor, and introduces a jump rate model: when the capital utilization rate exceeds 80%, the interest rate will be dynamically adjusted to guide the market in balancing supply and demand, enhancing system stability. The addition of WBTC not only broadens the use cases of BTC assets within the TRON ecosystem but also further perfects JustLend DAO's multi-asset lending matrix, releasing BTC liquidity while providing users with more efficient capital management options.

#TRONEcoStar @Justin Sun孙宇晨

🚀 Major Announcement: WBTC has officially landed on JustLend DAO!
Now, users can directly deposit and borrow WBTC in the core lending market of the TRON ecosystem, fully integrating Bitcoin liquidity into the TRON DeFi world.

As a 1:1 pegged tokenized asset to Bitcoin, WBTC balances security and liquidity efficiency through transparent custody and auditable mechanisms. This launch not only signifies that BTC assets can be efficiently utilized within the TRON ecosystem but also further enhances the asset depth and overall fund efficiency of JustLend DAO. Whether using WBTC to provide liquidity for returns or collateralizing to borrow stable assets for more DeFi scenarios, it will open up new strategic opportunities for users.

This time marks another deep integration of BTC and TRON DeFi, signifying that the TRON lending market is moving towards a higher standard mainstream asset system.

#TRONEcoStar @Justin Sun孙宇晨

As the founder of TRON, I have always adhered to a future of transparency, security, and a decentralized blockchain. Today, I present an important update to the community regarding the TrueUSD (TUSD) incident. In April of this year, I used personal funds to cover an approximate liquidity gap of 500 million dollars, fully safeguarding the rights of public holders. It has been proven that the issue was not an operational error, but rather a result of systemic fraud and misappropriation of funds implemented by trustees such as ARIA, FDT, and related individuals. Techteryx has initiated lawsuits in multiple locations to hold accountable. The missing funds have been transferred to various locations globally and invested in high-risk, non-redeemable projects. I will continue to support asset recovery, promote the realization of judicial justice, and defend the trust foundation of users and the industry.
#TRONEcoStar @Justin Sun孙宇晨