Binance Launches $1M MERL Trading Competition to Boost Token Volume

Binance has launched a $1 million Merlin Trading Competition, encouraging users to trade MERL tokens through their Binance Wallet or via Binance Alpha for rewards up to $500,000. The competition runs until June 3, 2025. It’s expected to impact MERL’s trading volume and market presence, although overall cryptocurrency market reactions appear minimal with no significant responses from major influencers or regulatory bodies.