Update on Merlin Trading Competition (May 20, 2025)

Binance has launched a Merlin Trading Competition featuring $MERL tokens with a prize pool worth $1 million in MERL rewards. The competition, announced today, May 20, 2025, runs from 09:00 UTC on May 20, 2025, to 09:00 UTC on June 3, 2025. Key details include:Eligibility and Rules: Participants are ranked based on their cumulative purchase volume of $MERL tokens on the Binance Alpha platform or via Binance Wallet (keyless). Only purchases count toward the ranking; selling is excluded.Rewards: The top 10,000 users by purchase volume will share 9,840,000 MERL tokens, with each eligible user receiving 984 MERL tokens.Participation: Traders can join through Binance Alpha or Binance Wallet, and the competition is open to users globally, as highlighted by posts on X expressing excitement about the event.This competition aims to boost engagement with Merlin Chain ($MERL), a Bitcoin Layer 2 solution enhancing scalability and functionality through ZK-Rollups and decentralized oracles. The event has generated significant buzz on X, with users describing it as an opportunity to "turbocharge" their trading and compete for substantial rewards.

For more details, you can visit the official Binance announcement: Binance Merlin Trading Competition.

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