MERL (Merlin Chain) rose 130.03% in 24 hours

Gate News Bot news, on November 27, according to CoinMarketCap, as of the time of writing, MERL (Merlin Chain) is currently priced at 0.50 USD, having pumped 130.03% within 24 hours, reaching a high of 0.53 USD and a low of 0.21 USD. The current market capitalization is approximately 521 million USD, an increase of nearly 295 million USD compared to yesterday. Currently, MERL ranks 95th in the crypto assets market capitalization.

Important recent news about MERL:

1️⃣ Merlin Chain mainnet upgrade is imminent Merlin Chain plans to conduct an important mainnet infrastructure upgrade on November 26, 2025, at 13:00 (UTC+8). This upgrade aims to enhance the network's scalability and address some technical issues related to ZK (zero-knowledge) performance. This indicates that the Merlin Chain team is actively optimizing network performance to lay a more solid technical foundation for future development.

2️⃣ Network service paused for 12 hours During the upgrade period, the Merlin Chain mainnet will suspend all transaction submissions, with an expected downtime of approximately 12 hours. Although users will not be able to conduct transactions temporarily, they can still check their historical transaction records and account balances through the block explorer, ensuring basic network transparency.

3️⃣ The market has responded positively to the upgrade The price of MERL has shown significant rise after the upgrade announcement, with a 24-hour increase of over 130%, and the market capitalization rising by nearly 295 million dollars, reflecting investors' positive expectations for this technical upgrade. After the upgrade is completed, the network will automatically resume normal operation, which may further stimulate market sentiment.

From a technical perspective, this upgrade focuses on enhancing network scalability and ZK performance, which is expected to strengthen Merlin Chain's competitiveness in Layer 2 scaling solutions. However, investors should also be aware that there may be unknown risks during the network upgrade process that could impact network stability and user experience in the short term.

This message does not constitute investment advice; investors should be aware of market volatility risks.