Merlin Chain price

11/3 MerlinMonday Summary 🧙‍♀️ 1. Market Recovery, Liquidity, and Whale Dynamics Jeff: The market is still recovering from the shock on October 11, which wiped out $30 to $40 billion in liquidity. Despite positive news—such as trade agreements or SEC progress—major institutions have not been buying in large quantities, with some even selling to recoup funds. Liquidity does not appear out of nowhere, so stability takes time. Seasonal trends like holiday rebounds are not as significant as macro conditions. Currently, losses are widespread—builders, traders, and project teams are all affected—many are reassessing their positions. Ironically, this feeling of exhaustion may signal the market bottom and the start of the next cycle. Whale sell-offs are normal in every cycle and do not lead to long-term crashes. For example, even if governments or large holders sell, as long as there is buying power, prices will eventually rebound. The market currently feels quiet, not due to whale activity, but because buyers are absent and liquidity has decreased following recent events. 2. Market Pressure is a Test for Builders Jeff: No one can fight against the market—this is an extremely difficult time for everyone, including top founders and large institutions. Many are losing assets and facing criticism, but the key is to stay calm and keep building. This current phase serves as a stress test for projects and founders, showcasing who can endure tough times and continue to innovate. 3. Resilience of MERL Tokens Amid Market Decline Jeff: MERL has been able to maintain its upward trend because we encourage staking, lock liquidity, and have actively repurchased 8 to 10 million tokens in the past two weeks. This has reduced selling pressure and attracted new users who noticed the token's stable performance on exchanges. This is not luck—it's the result of the team's continuous efforts, showing that even under the toughest market conditions, behind-the-scenes work can pay off. 4. Building Trust and Maintaining MERL Price Trends in Tough Markets Jeff: The growing community and genuine engagement of MERL—having more verified users and active supporters—indicate that trust and confidence are gradually being built even in challenging market conditions. Currently, most projects are not focused on creating revolutionary products; rather, the priority is to maintain operations. This means managing cash flow, controlling burn rates, paying salaries, covering server and marketing costs, and keeping the project active. For us, it also involves ongoing marketing activities, promoting the brand, and maintaining community engagement. By focusing on these fundamentals, MERL positions itself to withstand downturns and prepare for future growth when the market rebounds. 5. Prioritizing Controlled Risk Returns in the Current Market Jeff: Right now, our focus is on risk management rather than chasing high returns. With market volatility, hacking attacks, protocol losses, and other unexpected risks are more likely to occur, so we prioritize providing stable and secure returns for Bitcoin holders. Even if it means no profits for weeks, the goal is to avoid losses and protect capital. We are carefully assessing risk exposure in various DeFi protocols and only participating in areas that ensure safety and stability. 6. Trader Mindset: Simplifying Wallets and Managing Emotional Risks Jeff: If I were trading in this market, my main focus would be on cleaning up your wallet and keeping it simple. Stick to holding major tokens like Bitcoin, Ethereum, Solana, Tron, and stablecoins. Sell any underperforming assets or those unlikely to recover, as holding "junk" tokens will only clutter your mind and affect decision-making. By concentrating your wallet on solid, reliable assets, you can maintain purchasing power and emotional clarity, allowing you to act effectively when opportunities arise—even if Bitcoin temporarily declines. 7. Staying Focused and Avoiding Wasting Energy on Speculation Jeff: Now is not the time for speculation. Only keep verified, reliable assets in your wallet, and avoid getting caught up in underperforming tokens. Personally, I have dozens of "junk" wallets that I don't even look at. Watching every price movement on Discord, Telegram, or WeChat is unhelpful—it wastes energy. Instead, focus on constructive activities, or simply enjoy time with friends and family, as obsessing over stagnant assets won't change anything. 8. Cautious Attitude Towards New Assets in a Risk-Averse Market Jeff: Currently, I spend about 90% of my time researching new projects, while my team handles most existing BTC/DeFi work. But I do not encourage people to buy new tokens—if anything, shorting in the current market may be more reasonable. Founders' sentiments have shifted recently: they are focusing on mitigating downside risks rather than chasing growth, indicating a low risk appetite. So, now is not the time to be overly optimistic about new project launches. 9. Perceiving Sentiment and Staying Rational in Volatile Markets Jeff: A key difference between me as a builder and retail users is that I can talk directly with exchanges, market makers, and whales every day, which allows me to sense market sentiment. For everyone else, simply listening to Twitter Spaces or community discussions is an excellent way to gauge sentiment—this is valuable research. Currently, during tough times, the most important thing is to keep a clear head and control your emotions. People cannot make good decisions when panicking. Clean out unnecessary assets from your wallet, hold some stablecoins, and focus on safety. Feeling secure allows you to remain calm and make thoughtful future decisions.