Megaeth pumped 19% with a 32.83% supply unlock hitting in 30 days. $12.11m in new liquid tokens about to enter a $70.5m market cap. defilama already applied an 80% haircut to their TVL, counting $665m as $114m after stripping looped USDe. 65% of first-week wallets touched the chain once and never came back. a whale on binance waited 35 days to fill spot bids right before this move. the sequencer-embedded $LINK oracle delivering 0ms price drift is genuinely novel infrastructure for onchain $HFT. tech is real. but early round investors sitting on 3x at $0.062 while 84% of new buyers are underwater creates one directional incentive when those locks expire