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- 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.