Merlin Chain (MERL)
Rank #532 · Layer 2 · data since 2024-04-19 · last close 2026-10-26
Merlin Chain (MERL) monthly returns (%)
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -82.7 | -18.3 | -42.5 | 36.5 | -15.0 | -32.9 | -8.9 | 19.5 | 54.5 | -12.1 | · | · |
| 2025 | -51.2 | -38.2 | 19.8 | -5.5 | 21.9 | -25.5 | 14.2 | 20.4 | 150.9 | 8.4 | 7.2 | -15.5 |
| 2024 | · | · | · | -50.5 | -1.3 | -43.8 | -9.8 | -11.9 | 25.4 | -3.8 | 36.3 | -28.6 |
| Avg | -67.0 | -28.2 | -11.4 | -6.5 | 1.8 | -34.1 | -1.5 | 9.3 | 77.0 | 2.3 | 21.7 | -22.1 |
| Median | -67.0 | -28.2 | -11.4 | -5.5 | -1.3 | -32.9 | -8.9 | 19.5 | 54.5 | 2.3 | 21.7 | -22.1 |
October so far: -12.1% against an average of +2.3% and a median of +2.3% across 2 completed Octobers, 1 of them positive.
Values in %. Current and first-listed months are partial (greyed) and are left out of the Avg and Median rows.
returnsview.com
MERL seasonality — average by calendar month
Merlin Chain's record starts in 2024, so each calendar month rests on 3 observations — short enough to read as description rather than signal. Its strongest month by median is September — positive in 3 of 3 years, median +54.5%. June is the soft spot, down in 3 of 3 with a median of -32.9%. Across its full record it has closed 41% of months higher, swings ±42% in an average month and has fallen 98.6% peak to trough.
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Avg | -67.0% | -28.2% | -11.4% | -6.5% | +1.9% | -34.1% | -1.5% | +9.3% | +77.0% | +2.3% | +21.7% | -22.1% |
| Win rate | 0%/2 | 0%/2 | 50%/2 | 33%/3 | 33%/3 | 0%/3 | 33%/3 | 67%/3 | 100%/3 | 50%/2 | 100%/2 | 0%/2 |
Win rate = share of positive months / sample size.
MERL risk & extremes
MERL drawdown & rolling returns
Percent below the all-time high at each month-end — how far underwater the asset was.
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Frequently asked questions
What was Merlin Chain's best month?+
Merlin Chain's strongest completed month on record is September 2025, at +150.94%.
What was Merlin Chain's worst month?+
Its weakest completed month on record is January 2026, at -82.73%.
Is Merlin Chain up this year?+
Merlin Chain is down 90.66% year to date, measured from its last close before 1 January.
What is Merlin Chain's 1-year return?+
-93.66% over the past twelve months, comparing the latest close with the most recent close on or before the same date a year earlier.
What is Merlin Chain's biggest drawdown?+
The deepest peak-to-trough fall on record is 98.6%, measured on month-end closes since 2024.
About Merlin Chain
Merlin Chain is a layer 2 token ranked #532 by market value, worth about $39 million. It is a fresh face from the class of 2024, and considers gravity more of a suggestion, in both directions. Since 2024 it is down 94% overall — surviving is its own genre of awesome.
Did you know?
- Its best month on record was September 2025 at +150.94%; its worst, January 2026 at -82.73%.
Trivia for entertainment — the numbers come from our price data; the jokes don't.