For any holders still looking at $MC, it is important to note the migration status:
Migration Status: The official 12-month migration window (which began in October 2023) has closed. Most major exchanges, including Binance and Bybit, have already auto-converted user balances at a 1:100 ratio (1 MC = 100 BEAM).
Legacy Value: While "old" $MC still appears on some trackers, it has negligible liquidity. The market cap of the ecosystem is now fully reflected in $BEAM.$MC Merit Circle has successfully completed its evolution into Beam ($BEAM). As of March 2026, the original $MC token is largely a legacy asset, with the ecosystem’s full value and utility now residing in the Beam network.
Here is the latest analysis of the Merit Circle/Beam ecosystem.