Merlin Chain
MERL · rank #694
Down from all-time high
98.7%
but up 16% off its lows
Peaked Apr 19, 2024, before this chart begins · 96.0% down from its 2-year high of $0.4874
The market is up 23% this month. MERL is up 12%. It is being left behind.
What did it cost you?
Computed in your browser — the numbers never leave this page.
All-time high
$1.45
Apr 19, 2024 · off-chart
Price today
$0.0194
-0.3% 24h
$1,000 at the peak
$13.38
worth today
To break even
75x
857 days underwater
Is it coming back?
Still falling
Life signs
0/100
Off its lows
+15.9%
low $0.0167 · Jul 14, 2026
Still needs
75x
rally too young to project
Did it join the rally?
Bitcoin is +23% over 30 days. MERL is +12%. It is being left behind.
Market rallying · BTC +22.7% this week · dominance 59.0%
Market cap
$27.00M
30d trend down (-21%)
24h volume
$2.34M
30d trend down (-54%)
Survival score
Dormant
Little trading activity and no sign of recovery in the data we track.
- Price decline−49 of 50
Down 98.7% from its all-time high of $1.45
- Volume decay−25 of 25
Trading volume is 99.6% below its busiest sustained stretch
- Market cap erosion−14 of 15
Market cap down 94% from $448.52M
- Time below peak−8 of 10
857 days since the peak
Thinking of buying?
High risk
48/100
- Exit liquidityAdequate
$2.34M traded daily against a $27.00M cap — 8.65% turnover.
- Supply overhang34% still locked
A quarter of supply is still to be released.
- Volatility169% annualised
High even by crypto standards — expect violent swings.
- Track record98.7% below peak
It has already destroyed almost all of its value once.
These are the checks before you buy MERL — not a recommendation either way. Coingraph never tells you what to hold.
Research agent
Put the research agent on Merlin Chain
It reads the full history and writes what it finds: what drove the decline, whether a recovery is plausible on these numbers, and the warning signs still in the data.
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What happened to Merlin Chain
Merlin Chain reached $1.45 2 years ago. It now trades at $0.0194 — a decline of 98.7% from that peak. $1,000 bought at the high would be worth $13.38 today.
Returning to the previous high from here would take a gain of 75x. That figure is arithmetic, not a forecast: it is simply the peak divided by the current price.
One limitation is worth stating plainly. Coingraph holds 2 years of daily prices for MERL, and the all-time high falls before that window opens. The peak above is the figure reported by the market data provider; the chart on this page cannot show it. Within the 2 years held, the range runs from $0.0167 to $0.4874.
How MERL is rated
Merlin Chain scores 4 out of 100, which places it in the Dormant band — the inputs show sustained decline with little trading activity behind it. A higher score means a healthier reading. The score starts at 100 and each measured factor deducts from it.
The deductions for MERL are: price decline, 49 points (down 98.7% from its all-time high of $1.45); volume decay, 25 points (trading volume is 99.6% below its busiest sustained stretch); market cap erosion, 14 points (market cap down 94% from $448.52M); time below peak, 8 points (857 days since the peak).
Is MERL moving on its own?
From its lowest close in the 2 years held — $0.0167 — MERL has gained 15.9%, a 1.2x move off that floor. Coingraph reads this as still falling.
Over the last 30 days MERL moved +12.2% against the wider market's +22.9% — moving behind the wider market. This distinction matters more than the headline number: a coin rising only when everything rises is being carried, and that is a different situation from one climbing on its own demand.
MERL market position
MERL has a market capitalisation of $27.00M, ranking 694 by size, on 24-hour trading volume of $2.34M.
Daily turnover — volume as a share of market cap — is 8.7%. Turnover is what tells you whether a price is real: a coin can hold a large nominal valuation while almost nothing changes hands, and a price set by very few trades is one that moves sharply when anyone sizeable arrives.
33.8% of MERL's maximum supply has not yet entered circulation. Tokens still to be issued are future sell-side supply, which is a headwind the price chart alone does not show.
Annualised volatility from daily returns is 100%. Coingraph rates overall risk High on these inputs.
Merlin Chain — common questions
How far is Merlin Chain from its all-time high?
Merlin Chain (MERL) is 98.7% below its all-time high of $1.45, trading at $0.0194.
What would $1,000 of Merlin Chain bought at the peak be worth now?
$1,000 of MERL bought at its all-time high would be worth about $13.38 today, a decline of 98.7%.
How much would MERL need to rise to break even?
MERL would need to gain 75x from $0.0194 to return to its all-time high of $1.45.
What is Merlin Chain's survival rating?
Coingraph rates Merlin Chain 4 out of 100, in the Dormant band — the inputs show sustained decline with little trading activity behind it. The rating is derived from price decline, volume decay, market cap erosion and time below peak, and every deduction is shown on this page. Higher is healthier.
Is Merlin Chain recovering?
MERL is 15.9% above its lowest close in the 2 years of data held, which Coingraph reads as still falling. It is moving behind the wider market over the last 30 days.