MERL Jumps Over 10% After Bithumb Halts Transactions

According to OKX data, MERL saw extreme volatility after Bithumb's suspension of deposits and withdrawals, sinking sharply before rebounding nearly 150% within 24 hours.

Summary

MERL experienced sharp price swings following Bithumb’s suspension of deposits and withdrawals. The token initially fell 31.98% to $0.235, but later rebounded, surging 149.77% within 24 hours to reach $0.54325, according to OKX data.

Terms & Concepts
  • Bithumb: A major cryptocurrency exchange based in South Korea offering trading for digital assets.
  • Deposits and Withdrawals Suspension: A temporary halt by an exchange preventing users from adding or removing specific digital assets.