Hey Binance fam, it’s 05:49 PM IST, May 20, 2025, and I’ve got some electrifying news straight from the trading floor—Binance just launched the #MerlinTradingCompetition with a massive $1M in $MERL rewards up for grabs! I’m diving into the details, sharing real-time market vibes, and giving you the scoop on how to jump in. Let’s get trading and win big together!
What’s the Buzz About?
Announced earlier today at 2:40 PM IST by @BinanceAnnounc on X, the Merlin Trading Competition is live, and the crypto community is buzzing! From May 20 to May 30, 2025, you can trade $MERL on Binance to compete for a share of $1M in $MERL tokens. Here’s the catch—only cumulative purchases count, meaning your buys (not sells) will rack up points for the leaderboard.
$MERL, tied to the Merlin Chain (a Bitcoin Layer-2 solution), is trading at $0.145 today, up 1.8% in the last 24 hours, with a market cap of $35.2M and a 24-hour volume of $5.6M, per CoinMarketCap. The broader market also looked solid, $BTC’s at $107,000 (up 1.2%), $SOL’s at $166 (up 2.8%), and $XRP’s at $2.65 (volume up 248%). With altcoin trading dominating Binance at 78% of total volume (per MoneyCheck), $MERL’s timing couldn’t be better!
How to Join and Win Here’s the deal: trade $MERL on Binance Spot or Futures during the campaign period. Your cumulative buy volume determines your rank—the higher you climb, the bigger your $MERL reward! Binance’s blog confirms the prize pool breakdown: top traders can snag up to $100K in $MERL, with smaller rewards for participants hitting minimum volumes. There’s also a participation prize—trade at least $500 in $MERL, and you’re guaranteed a piece of the $50K pool.
I’m already in—bought $MERL at $0.145, aiming for $0.150 (3.4% gain) with a stop at $0.142 (2% risk). The 4H chart shows $MERL above the 50-day SMA ($0.140), with RSI at 55 (neutral but trending up). Volume’s steady, supporting a short-term rally. But watch out—$BTC’s RSI at 68 (overbought) could signal a market pullback, so trade smart!
Why This Matters for Binance Traders: This competition isn’t just about rewards—it’s a chance to ride $MERL’s momentum. Merlin Chain’s focus on Bitcoin scaling aligns with $BTC’s $575M daily ETF inflows (per Benzinga), making $MERL a hot altcoin pick. Plus, Binance’s 250M users and $100T in trading volume (per Blockhead) make it the perfect stage for this event. But I’m skeptical—$MERL’s low liquidity could mean volatility if big players dump post-campaign. Keep an eye on $0.150 resistance!
Let’s Trade and Win Together!: The #MerlinTradingCompetition is heating up, and I’m all in for those $MERL rewards! Are you joining the action? Drop your $MERL trades or strategies below—let’s climb that leaderboard together!
PLEASE LIKE 👍, FOLLOW ✅, SHARE ✨, AND COMMENT ✍️ if you’re trading $MERL with me!
#MerlinTradingCompetition
Disclaimer: Opinions only. No financial advice. See T&Cs.