Project Merlin MRLN

What MRLN actually is on-chain

Project Merlin is a BEP-20 deployed on BNB Chain, at contract address 0x79bE2B20389A869476d183b1f42B9950EAf457d8. That address, not the ticker MRLN, is what uniquely identifies this asset: anyone can deploy a second token calling itself MRLN, but the contract is unforgeable. Verify it against bscscan.com before sending funds or approving a spend.

Because it lives on BNB Chain, MRLN is held in any EVM-compatible wallet, transfers are paid for in BNB rather than in MRLN itself, and secondary liquidity sits in PancakeSwap pools. Two consequences follow for anyone setting alerts: you need BNB in the same wallet to move the token at all, and a quoted price taken from a pool is a pool price — it includes slippage that an order-book quote would not.

For MRLN the project publishes a whitepaper, a public source repository and an active account as @ProjectMerlinio. Both a written specification and readable code exist, which is a materially higher bar than most assets in this size range clear. None of it is a quality judgement about the asset; it is simply what can be independently checked before the chart is worth looking at.

Where MRLN sits in the market

Project Merlin ranks #9130, in the far end of the rank table, where a capitalisation figure is barely meaningful, far outside the set of assets that carry continuous market-maker coverage. At this end of the table the first question is data integrity rather than valuation: a quote can originate from a single pool or a single venue, reported volume is difficult to verify independently, and the distance between the last print and a genuinely executable price can be wide. Treat any indicator computed on this series as provisional.

We are not currently receiving a live MRLN order book from any of the exchanges connected to this site, so no real-time quote is shown above. That is itself information: it usually means the pair is unlisted on the venues we track, or trading has been halted. MRLN is a BNB Chain asset, so whatever turnover exists is most likely in PancakeSwap pools rather than on a centralised book, and every fill there costs BNB in gas on top of the pool's own fee.

MRLN against its all-time high

Project Merlin's record high is $0.0775, set on 2025-09-16. That high sits in a range where whole-cent and whole-unit levels are genuinely traded, which makes them usable as alert thresholds if a quote returns. It was set about a year ago, so it belongs to the current cycle but not to current conditions. We are not quoting a drawdown from it because no tracked venue is giving us a live MRLN price — a stale or single-pool number would make that percentage look precise when it is not.

MRLN across its historical range

MRLN has traded across a 1,310x range, between $0.00005915 and $0.0775. Any volatility figure quoted for this asset depends heavily on which part of that range it is measured over.

The record low of $0.00005915 was printed on 2026-05-11 — within the last six months. We have no live quote to measure the current distance from it.

MRLN supply and valuation data

At #9130 there is no reliable third-party supply audit for MRLN at all — token counts this far down the table are frequently restated, and we would rather show nothing than show a number that moves without notice. What we do have is a fully diluted valuation of $659 thousand as of 2026-05-13. That sits around the middle of the distribution — roughly half the assets tracked here carry a smaller fully diluted value.

Since the figure is a snapshot rather than a live number, we do not reverse it into a supply count: the price has moved since it was taken, and that division would produce a confident but incorrect token count. For any per-token valuation, check the current supply on the project's own explorer first. The authoritative figure is the one bscscan.com reports for this contract.

What kind of asset MRLN is

Project Merlin is a DeFi protocol token, which ties it to total value locked and to the interest-rate environment on-chain. These assets carry a beta to the market plus a second exposure that is easy to miss: protocol risk. A contract exploit or an oracle failure repriced instantly and independently of any market move, and that tail is a real component of holding the token.

CoinGecko files MRLN under 4 categories, including BNB Chain Ecosystem, Arbitrum Ecosystem, Binance Alpha Spotlight, Governance. CoinGecko also records deployments on BNB Chain (2,027 tracked tokens), Arbitrum (391 tracked tokens), so on-chain liquidity is split across several networks and the cheapest venue depends on which deployment you are trading. Worth flagging from the metadata: MRLN has been featured in Binance Alpha Spotlight.

How to set a Project Merlin alert that is worth receiving

Project Merlin is the BEP-20 at 0x79bE…57d8 on BNB Chain — high dated 2025-09-16 — rank #9130. On this profile the condition that carries signal is a two-sided price threshold beyond the recent band plus a 4-hour or daily RSI condition.

Full alert-design method: thresholds, RSI/MACD and volume conditions →