- Merlin Chain (MERL) price rose sharply as Binance announced the launch of MERL perpetual futures.
- The MERL token, native to the Bitcoin layer-2 solution, reached highs of $0.13 and could target $0.20.
- Altcoins have often spiked in price after such announcements by Binance.
Merlin Chain (MERL), a Bitcoin Layer-2 solution, has witnessed a significant price surge following a major announcement from Binance.
On May 28, 2025, Binance revealed the launch of USD-margined MERL Perpetual Contracts, a move that has sparked renewed interest in the token.
The news saw the price of Merlin Chain rise amid an increase in volume, with traction likely to push MERL beyond the $0.14 mark.
Binance Futures adds MERL perpetual contracts with 50x leverage
Binance Futures, the derivatives arm of the world’s leading cryptocurrency exchange, announced the addition of MERL perpetual contracts on May 28, 2025.
Binance EN: Binance Futures Will Launch USDⓈ-Margined MERLUSDT Perpetual Contract
Time: 2025-05-29 08:30 (UTC): MERLUSDT (up to 50x leverage)https://t.co/S7r8ePNplD
— Merlin Chain (@MerlinLayer2) May 28, 2025
According to the official announcement, the USD-M MERL Perpetual Contract will go live on May 29, 2025, at 08:30 UTC, allowing traders to access up to 50x leverage.
This high-leverage offering is designed to attract both seasoned traders and those looking to capitalize on MERL’s momentum.
The announcement follows Binance’s earlier listing of MERL on its Binance Alpha, which occurred on May 20, 2025.
It’s a move that introduced MERL to a broader audience, and the addition of perpetual contracts now amplifies its appeal in the derivatives space.
Binance Futures has a history of boosting token visibility and liquidity through such listings, as seen with previous launches of other perpetual contracts.
For MERL, this move underscores Binance’s confidence in the project’s potential to drive trading activity.
Merlin Chain (MERL) price surges
The market response to the Binance Futures listing has been swift and positive.
According to data from CoinMarketCap, Merlin Chain price rose to $0.1346, doing an upward flip of over 10% in the past 24 hours.
This surge has been accompanied by a decent spike in trading volume, with MERL recording a 17% surge in daily volume to over $803 million.
The token’s market cap has reached $95.5 million.
Merlin Chain’s price gains highlight the growing interest in its ecosystem, which focuses on enhancing Bitcoin’s layer-2 capabilities.
The project supports popular Bitcoin protocol tokens like BRC20 and BRC420, and its integration of ZK-Rollups and decentralized oracle networks has made it a standout in the decentralized finance space.
While price remains well off the all-time high of $1.55 hit in April 2024, the Binance Futures listing could be a key catalyst.
In this case, the token’s value could jump to $0.2 and target December 2024 highs of $0.48 in coming weeks.
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