Lately, I’ve been feeling that something is off with MERL? Actually, it’s not just psychological; the core issue lies in the structure of the market itself.



Let’s start with the most straightforward part. The December unlock is coming in quickly and aggressively, with nearly 70 million tokens set to be gradually released. The key isn’t whether these tokens will immediately plummet in price, but that the market will inevitably hedge in advance. Buying volume suddenly shrinks, and traders become much more cautious. Every time the price is pushed up, it becomes noticeably more difficult.

Looking deeper at the composition of the token sources, the early distribution structure has already hidden risks, which determine the level of subsequent pressure. The liquidity pressure within the entire market will come in waves.
MERL-0.77%
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rekt_but_not_brokevip
· 12-16 07:21
70 million coins poured in, this market is indeed not very good, no wonder it feels a bit suffocating
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SelfCustodyIssuesvip
· 12-14 08:07
Mom, throwing 70 million tokens all at once? Who can withstand that? No wonder the market has been so dead these days. All rebounds before unlocking the tide are fake. Entering now is just giving chips to the whales. The early distribution structure is completely broken; this kind of inherent flaw cannot be fixed at all. The pace of MERL is indeed uncomfortable; there probably aren't many short-term opportunities. But to be honest, I should have seen through this project’s true nature long ago. This time is just an early realization of expectations.
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ContractHuntervip
· 12-14 05:55
70 million chips are pouring in, this game is really unplayable As the buying momentum unlocks, the buyers start to run away, who can withstand this? The early allocated pot now needs to be returned
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Web3Educatorvip
· 12-14 05:53
nah fundamentally speaking, this unlock schedule is exactly the kind of liquidity crisis i've been warning my students about... market psychology does half the damage before any actual coin hits exchanges tbh
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SmartContractRebelvip
· 12-14 05:43
Damn, 70 million coins flooding in all at once, who can handle that? This MERL crappy project is really frustrating, each buying order is more timid than the last. The unlocking trend is here, everyone is rushing to exit, it's hard not to be pessimistic. Early distribution was a total failure, and now it can't be fixed. Once again, it's this kind of lingering aftermath project, same old tricks.
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WhaleWatchervip
· 12-14 05:39
70 million chips are coming down, how do we play this wave... Another project messed up by early allocation, the tactics are all the same. It feels like MERL already has no liquidity left, can't even pump it up. Oh my God, those who avoided it early must have made a profit again, we're really suffering as latecomers. That's why I always check the unlock schedule first when evaluating projects, it's so crucial.
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SnapshotDayLaborervip
· 12-14 05:27
70 million tokens dumped, it’s indeed nerve-wracking. It was obvious this project had issues from the start. --- Really, this is how it always is before a trend breaks out. The market just hedges early, I’m used to it. --- The chip distribution was already a failure, no one can be blamed. Liquidity pressure will only get worse. --- Feels like there’s nothing new. The structural problem with MERL isn’t recent. --- The shrinking buy volume is inevitable. Who dares to take this wave of cuts? It’s too painful. --- Basically, early allocations went to the wrong people. Now we can only slowly digest this mess. --- This continuous wave of liquidity pressure just makes people want to give up. --- Blaming psychological effects is nonsense; the problem lies with the project itself, no fault there.
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CommunityLurkervip
· 12-14 05:26
70 million coins dumped, all we can do now is pray --- Early allocation was a mess, and now they want to pump? Laughable --- Feeling something's off is right, intuition has saved me countless times --- The market is preemptively avoiding this step, retail investors are always followers --- Liquidity pressure waves keep coming, there's no end in sight --- For coins with this structure, better to wait and see --- There will be entertainment in December, waiting for the plunge --- Early distribution was toxic, whoever takes over later will be unlucky --- Buying interest has already started to dwindle, people are rushing out
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