source avatarFabius DeFi

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I feel bad for $MEGA holders/investors... 🔹 2024 → Q1 2026: The hype was insane. Vitalik backing, Dragonfly, the “real-time Ethereum” narrative, “EVM Solana killer” takes, next bluechip L2,... 🔹 After TGE on Apr 30, 2026 + mainnet: The price got hit hard. From around $0.22 to the current $0.05–0.06 range, down 70%+. TVL also dropped ~50%, from over $200M to around $111M now. Then came the $1M Terminal Rewards campaign, probably the biggest event in the MegaETH ecosystem, designed to bring incentives and confidence back to the community. > Result: 99% cooked. Many users spent weeks/months grinding points, referrals, and tasks, only to receive extremely low rewards. @waleswoosh, one of the most followed $MEGA bulls, has also cut losses and lost confidence in the project. Now the whole MegaETH ecosystem feels covered by heavy FUD and disappointment. Sad to see this. But honestly, this feels like the broader problem many L2s are facing right now. Were you a victim of this?

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