Merlin Chain (MERL) trades at $0.02279 on September 8, 2026: -5.2% over 24 hours, +15.0% over seven days and +24.9% over thirty. That leaves it 98% below the all-time high of $1.45 set on 2024-04-19. Here is what the market and the ZIPMEX perp book say about the week, with every number sourced.
The numbers
| Price | $0.02279 |
| 24 hours | -5.2% |
| 7 days | +15.0% |
| 30 days | +24.9% |
| Market cap | $31.7M |
| 24h volume (all venues) | $1.8M |
| Market rank | #635 |
| Perp open interest | $11.6K |
| Perp 24h volume | $170.04 |
| Max leverage | 10x |
Perps: funding and open interest
On ZIPMEX Perps the MERL/USDC market shows an estimated funding rate of +0.0050% per eight hours (last settled: +0.0043%), $11.6K of open interest and $170.04 traded in 24 hours. Positive funding means longs are paying shorts: leveraged traders lean bullish and pay for the privilege. Max leverage is 10x.
Levels from the last seven days
The seven-day high was $0.0242 on 2026-09-03 and the low $0.01967 on 2026-09-01, a 23% range. Reclaiming the all-time high would take a 63.6x from here. We do not publish price predictions; these are the levels the market actually printed.
Method and sources
Snapshot taken 2026-09-08 13:47 UTC. Price, supply and market cap: CoinGecko. Perps: ZIPMEX Perps public market data. Volume across all venues and all-time high: aggregated market data. This digest is generated from those feeds and reviewed by ZIPMEX Research; numbers on the MERL landing refresh every minute.
Crypto assets are volatile and you can lose your capital. Nothing here is investment advice.
