Aims. The Coma cluster is the richest and most compact of the nearby clusters, yet there is growing evidence that its formation is still on-going. A sensitive probe of this evolution is the dynamics of intracluster stars, which are unbound from galaxies while the cluster forms, according to cosmological simulations. Methods. With a new multi-slit imaging spectroscopy technique pioneered at the 8.2 m Subaru telescope and FOCAS, we have detected and measured the line-of-sight velocities of 37 intracluster planetary nebulae associated with the diffuse stellar population of stars in the Coma cluster core, at 100 Mpc distance. Results. We detect clear velocity substructures within a 6 arcmin diameter field. A substructure is present at ~5000${\rm\,km\,s^{-1}}$, probably from in-fall of a galaxy group, while the main intracluster stellar component is centered around ~6500${\rm\,km\,s^{-1}}$, ~700${\rm\,km\,s^{-1}}$ offset from the nearby cD galaxy NGC 4874. The kinematics and morphology of the intracluster stars show that the cluster core is in a highly dynamically evolving state. In combination with galaxy redshift and X-ray data this argues strongly that the cluster is currently in the midst of a subcluster merger, where the NGC 4874 subcluster core may still be self-bound, while the NGC 4889 subcluster core has probably dissolved. The NGC 4889 subcluster is likely to have fallen into Coma from the eastern A2199 filament, in a direction nearly in the plane of the sky, meeting the NGC 4874 subcluster arriving from the west. The two inner subcluster cores are presently beyond their first and second close passage, during which the elongated distribution of diffuse light has been created. We predict the kinematic signature expected in this scenario, and argue that the extended western X-ray arc recently discovered traces the arc shock generated by the collision between the two subcluster gas halos. Any preexisting cooling core region would have been heated by the subcluster collision.
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