$MEGA ⚖️ Absorption of excess supply (Seller pressure) Amortization of sales after TGE: After the token listing, the price significantly dropped due to mass profit-taking by investors and airdrop participants. A strong buy-side pool capable of repurchasing these volumes is necessary for price growth.

Balance of the KPI-unlock model: The issuance of new tokens is tied to achieving KPIs (for example, the volume of USDM stablecoin in the network). Each new unlock increases the supply on the market, creating downward pressure on the price. Price growth is only possible if demand for the token exceeds the pace of these unlocks.
💰 Ecosystem scaling and liquidity (TVL)
Growth of locked capital volume: At the mainnet launch stage, the project's TVL was about $99 million. For stable long-term growth of the L2 network, this is insufficient; the ecosystem needs billion-dollar capital injections (like sector leaders Arbitrum or Base).
Attracting real users: MegaETH technology is focused on instant-response applications (social networks, games, new wave DeFi). The token lacks a "killer feature" — a mass dApp that would make millions of users constantly buy MEGA for gas payments or staking.
📉 Stabilization of external market conditions
Reducing dependence on Bitcoin: As a young altcoin with moderate liquidity, MEGA reacts painfully to overall market corrections. During outflows from spot Bitcoin ETFs, MEGA's price drops more sharply than the market. The token needs its own capital and unique drivers not tied to BTC movements.