Everyone who bought in yesterday at $MEGA is doing the math today: the November 10 close was $0.05025; on November 11, it plunged to $0.04504 in a single day, down 10.4%, with an intraday low of $0.04455. If you had put in 10,000 U at the November 10 closing price, by yesterday’s close you’d have been left with just 8,963 U—a one-day loss of 1,037 U. Today it opened at $0.04504 and traded sideways between $0.0424 and $0.0466. It hasn’t made a new low, but it hasn’t recovered either. MegaETH’s pitch is real-time Ethereum L2, with 10-millisecond block times and 100,000+ TPS. On-chain TVL is only around $9.8 million, market cap is about $49 million, and just 11.3% of the supply is circulating, while FDV stands at $430 million—the unlock pressure is right there. No matter how fast the story moves, the token supply still matters. Is this a bargain after the drop or a falling knife? Take a look at the chart yourself. #MegaETH #EthereumL2