MegaETH TGE Set for April 30 — Can MEGA Avoid the L2 Token Curse?

MegaETH's native token MEGA is scheduled to launch via TGE on April 30, with pre-market pricing already sitting at $0.17 — roughly double its public sale price before a single block has been produced on mainnet.

The broader L2 token track record is a sobering backdrop. Among comparable launches, ARB is down 89.8% from its TGE, OP off 91.4%, STRK down 97.9%, SCR down 96.3%, and BLAST nearly wiped at -98.05%. The lone outlier is Mantle's MNT, which has gained 38.9% from its own launch — a data point that frames the central question heading into April 30.

Whether MEGA follows Mantle's trajectory or joins the majority of L2 tokens in a prolonged post-TGE drawdown will depend heavily on how much of the pre-market premium reflects genuine demand versus speculative positioning that unwinds on day one.

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