The merger creates 20,83M bts per month(500M/24months), its 1% inflation per month. Although current supply says that we have 2,5B bts this number will be actually achieved at the end of the 24 month period of the merger, we still have 1,5 year or something like that.
Delegates inflation so far minus fees is a total of 9,8M bts (EDIT: Total amount, not monthly)
I'm not saying that the price decline is caused by the merger or the delegates, all crypto is down at this time, we must be careful and not try to fix something that isn't broken.