But since it also gives you the ability to cast Divination when its convenient and turn cards drawn into +1/+1 counters, Id say its quite the catch
(2025-06-06) When two cards are exiled and melded, they each leave the battlefield, then return together as one new untapped object with no relation to either of the objects that left the battlefield
But the real reason this makes the list
Look for these great cards: The One Ring (several printings)
You have no chance of pulling the one of one, The One Ring, but you could get the default treatment one which plays powerfully, or Orcish Bowmasters both of which are major players in Modern
When you mutate it, if you mutate on top of the token, you will be able to make another token as it will no longer fall under the legendary rule