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The recent movements of MERL are worth discussing.
Today's on-chain operation involving 16 million tokens flowing into a certain exchange is quite interesting.
After being in the market for a while, you'll notice:
On-chain actions of this scale are almost never "accidental."
Especially when they occur right around the unlock period—
This timing clearly indicates an intention to exit early, without getting stuck at the same exit as retail investors.
Run away early vs retail investors taking the high position—this is always a classic battle.
Spending so much before the unlock period—what bad luck... or is it just intentional?
After holding for a long time, everyone knows what's going on—no accidental slips, just a matter of choice.
Watching on-chain data play games, we're here guessing riddles below.
Dumping right before the unlock, classic move: eat and run. Meanwhile, retail investors like us are still holding the bag.
This move basically treats us like we don’t even exist...
They’ve already booked the next ride in advance.
Looking at this order, I just know someone doesn’t want to wait in line anymore, haha.
Dumping onto the exchange right before unlocking—who would believe this isn’t planning an exit?
Another story of a whale sneaking out, same old trick.
The market’s about to cool off, the big players have already left, while we’re still here guessing the ups and downs.
On-chain moves at this timing—let’s be real, it’s all about who can run faster.
Damn, it's the same old trick again: whales cash out, retail investors hold the bag. I'll bet five bucks this move breaks support.
Anyone entering during the unlock window is either a brave soul or cannon fodder.
That's why I always say: watching on-chain data is more useful than looking at candlestick charts.
As always, the bigger the size, the more obvious the moves. "Accidental slip"? Not a chance, my friend.