I just came across this message. In the past 6 days, two large whales have withdrawn nearly 98.24 million $MERL from exchanges, which is about 14.9 million USD at the current price. Withdrawals of this scale are generally not for short-term trading; they seem more like an early positioning strategy. I checked the recent project updates, and the biggest development is still the collaboration with Nasdaq-listed company CIMG Inc., which has initiated a 55 million USD Bitcoin treasury. Combined with the Institutional HODL+ narrative proposed by Merlin Chain, it can be seen that they are trying to enter the "Bitcoin treasury management" institutional track. The goal is to reach a scale of 1 billion USD by the end of the year. If this scale can truly be realized, the value anchoring for $MERL will be very evident. From the funding aspect to the narrative aspect, whales are also quietly positioning themselves. The market may not react quickly in the short term, but such trends often set...
Whales are accumulating $MERL. Over the past 6 days, 2 whales (0x7Dac and 0xB5eE) have withdrawn 98.24M $MERL($14.9M) from exchanges.
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