MegaETH (MEGA)

🟢🔴 Every project doing a TGE in 2026 deserves applause because the market conditions have certainly not been favourable.

That being said, some deserve more applause than others for obvious reasons.

Every learning we have from TGEs in 2026 🔽

From $MEGA and $SENT to $GWEI, $RE and $BP, the names everyone farmed and the names nobody noticed - the difference was surprising to see.

✦ The expensive, VC-stacked, heavily-shilled TGEs got wrecked:

➢ Flying Tulip ( $FT, Andre Cronje ) launched near $3B FDV, now down 67%
➢ MegaETH ( $MEGA ), $1.64B FDV, down 66%
➢ Pharos ( $PROS ), $998M, down 51%
➢ Sentient ( $SENT ) ($85M raise, Thiel money, AGI dreams), down 43%

✦ The cheap, quiet launches nobody was tweeting about ran:

➢ Bitway ( $BTW ), $101M FDV, up 900%
➢ ETHGas ( $GWEI ), $167M, up 617%
➢ Real Finance ( $REAL ), launched at just $44M FDV, up 464%
➢ Backpack ( $BP ), up 126%, the only "blue chip" that actually held

1️⃣ Narrative rotation, and it was savage. RWA, insurance and prediction markets won (Real

Activity really slowed down on MegaETH

TVL still stands at $105M USD (mostly on Aave)

But slow down is clearest in volumes & fees:

- World markets fees and volumes dropped to ATLs
- Euphoria generates just $13k in daily volume
- Kumbaya DEX at ~2M daily volume

Positive sign is Monster trading cards that until 2days ago were generating 50k in daily fees after migrating to megaeth.

When season two for Mega? Any catalysts coming?

$MEGA recovered from $0.4 to $0.52