Right now, the market nerves are already tight. Pay close attention to MERL's December unlock schedule—70 million tokens will be released in four waves on the 12th, 15th, 16th, and 19th. With such a dense schedule, a sudden influx of supply in the short term will put significant price pressure on the market. This concentrated unlock rhythm, compared to previous releases that were one-time or spaced out over a longer period, will have a more direct impact on the market. The market sentiment itself is fragile, and this change in supply could further amplify volatility.