$merl opened at 2u, with all the stars and gods praising it, and then fell to the lowest 0.16u. Now the price is stable around 0.2u, basically following the script of my first tweet. If you review the comments of kol when merl was first launched, they are basically all mindless bullish posts.

Seeing the good news that Huobi received a $2 million $MERL airdrop, it is hard to describe! This is more like good news for Sun Ge alone, and bad news for all Merlin people.

In fact, it is not just Sun Ge, Shenyu is also about to pull Merlin out. Merlin relies on the reputation of founder Jeff in the circle and the safety of cobo wallet. The huge amount of money involved in freeloading is mainly contributed by these two giants. They are different from us small users and will not have too much faith. These selling pressures still have to be eaten by Merlin and 420 players with tears.

Lower the target price of $MERL bottoming, currently 0.73u, with a circulating market value of 169 million and a total market value of 1.57 billion. The trend is still constantly hitting new lows, but there is no need to be too pessimistic, as long as you are optimistic in the long term, theoretically, the more it falls, the more opportunities there are.

Consider bottoming $MERL at a price of 0.4-0.6u, and then leave the last bottoming position at around 0.2u. The year-end target is 5-10u, and we hope to see a bigger drop. This is everyone’s last chance.