$MEGA just launched yesterday and already hit $176M USDT volume. Is it worth buying at 0.156? Here's my honest take. 🔍
The fundamentals are actually interesting. MegaETH targets 100,000 TPS with 10ms block times backed by Vitalik Buterin and $470M in total funding.
Tokenomics have a real twist: 53.3% of supply only unlocks when the network hits specific KPI milestones, not arbitrary dates. That's genuinely different.
The risk? Only 11.3% of supply is circulating right now. Major unlocks for investors and team hit at 6 and 12 months. That's significant overhang coming.
1H chart pumped to 0.2135, dumped to 0.1429, now recovering at 0.156. StochRSI 80, MASTOCHRSI 89 still elevated. MACD turning positive.
New listing volatility. $ETH