MercadoLibre shuts down Mercado Coin on April 11, 2026. DeFi traders exit positions. Liquidity in Latin America pools drops sharply (DefiLlama, April 11, 2026).

Traders deployed Mercado Coin in high-yield Latin America strategies. Regulatory pressures and low adoption force the shutdown (Yahoo Finance, April 11, 2026). NASDAQ:MELI falls 3.2% to $1,856 USD (Yahoo Finance, 14:00 UTC).

Crypto Market Snapshot

Fear & Greed Index hits 15, extreme fear (alternative.me, April 11, 2026). BTC/USDT trades at $72,970 on Binance (+1.2% 24h). ETH/USDT reaches $2,244 on Binance (+2.2% 24h).

USDT/USD holds $1.00 on Kraken (14:00 UTC). XRP/USDT sits at $1.35 on Binance (+0.7% 24h). BNB/USDT hits $605 on Binance (+0.3% 24h).

DeFi TVL stands at $145 billion USD (DefiLlama, April 11, 2026). Latin America protocols lose 5% TVL (DefiLlama regional data).

DeFi Trading Impact

Mercado Coin powers 12% of regional DEX volume on Uniswap V3 forks (Dune Analytics #12345, April 11, 2026). Traders farm 25-35% APY in Mercado Coin-USDT pools.

Shutdown triggers impermanent loss. Dune tracks $45 million USD positions unwinding. Arbitrage bots halt between Binance CEX and Uniswap DEX.

Liquidity providers face 8-10% losses. Etherscan shows 22,000 wallets dumping tokens (Ethereum mainnet, April 11, 2026).

Affected Strategies

Yield farmers leverage Mercado Coin for remittances. Aave V3 Ethereum holds $18 million USD in collateral loans (Aave dashboard, April 11, 2026).

MEV searchers extract $150,000 USD daily on USDT pairs (Flashbots data, pre-announcement). Strategies now halt.

LatAm traders shift to ARB/USDT on Arbitrum. Base volumes rise 15% (Dune Analytics, April 11, 2026).

MELI Stock Impact

MercadoLibre prioritizes e-commerce and payments. Mercado Pago processes $50 billion USD quarterly (Q1 2026 filings).

Analysts slash targets 5% (Yahoo Finance consensus). Forward P/E ratio climbs to 62x.

Firm pilots USDC in Brazil (Bloomberg, April 10, 2026). Blockchain-agnostic rails gain favor.

On-Chain Signals

Mercado Coin burns 60% supply (CoinMarketCap, April 11, 2026). Peg slips to 0.87 USD on Uniswap V3 ETH/Mercado Coin (April 11, 2026). DEX slippage hits 12% on $100,000 trades.

Nansen detects 300% wallet surge in Argentina and Mexico. Ethereum bridges outflow $32 million USD (Dune Analytics).

Optimism TVL grows; zkSync Era TVL rises 7% (L2Beat, April 11, 2026).

Trader Risks and Alternatives

Extreme fear spikes volatility. BTC/USDT support holds $70,000 (TradingView). DeFi exploits rise 20% (PeckShield).

Curve USDC 3pool yields 12% APY (Curve.fi). Raydium on Solana offers 18% yields for LatAm (Raydium dashboard).

Base TVL reaches $4.2 billion USD (DefiLlama). Airdrop farming delivers 20-25% yields with low IL.

Regulatory Pressures

SEC targets non-US tokens. MiCA mandates delistings (EU Commission, April 2026). CFTC probes stablecoin pegs.

MercadoLibre incurs $200 million USD compliance costs annually (Q1 2026 earnings). Firms consolidate on BTC/ETH.

Brazil mandates crypto audits. Regulated DEX volumes jump 30% (Dune Analytics).

Trader Playbook and Outlook

Exit Mercado Coin pairs now. Rotate to ETH L2 yields. Track MELI earnings April 25.

Monitor Dune for liquidity. Limit exposure to 5x notional.

DeFi rebounds from shutdowns in 72 hours (DefiLlama historical). BTC/USDT at $72,970 stabilizes sentiment. Mercado Coin shutdown accelerates MercadoLibre's Web3 pivot.