Binance Alpha has launched MERL($). Eligible Binance users who hold at least 193 Alpha points can claim 1000 MERL airdrop tokens on the Alpha event page starting from May 20, 2025, 09:00 UTC. The claiming operation will consume 15 Alpha points, and users must complete the confirmation within 24 hours (i.e., by May 21, 2025, 09:00 UTC), otherwise, it will be considered a waiver of the claim.

The Binance Alpha platform has launched a trading competition for Merlin (MERL). During the event, users trading Merlin using the Binance wallet or Binance Alpha platform will receive exclusive token rewards. The event runs from May 20, 2025, 17:00 to June 3, 2025, 19:00. During the event, the top 10,000 users ranked by the number of MERL tokens purchased will share 9,840,000 MERL tokens (984 MERL per user).