$MEGA launch flipped the usual token playbook and the market wasn’t fully sold.MegaETH debuted at a $1.56B FDV, with a bold structure: 53.3% of supply locked behind real network KPIs like TVL, stablecoin usage, and speed. Only 11.29% of the 100B supply hit the market initially a clear bet on performance over hype.
But price action told a different story.Despite listings on Binance and Coinbase, MEGA dropped 25% post-launch to $0.156. Early behavior shows hesitation: 40% of airdrop recipients fully exited, while about 50% are still holding.Strong tokenomics on paper but the market is waiting for real execution.