Coinbase has begun supporting deposits for the MegaETH (MEGA) project in anticipation of its token generation event (TGE) scheduled for April 30. This move comes as the market speculates on whether MegaETH's market cap will surpass $6 billion shortly after its listing. The probability of this outcome has increased to 98.1%, reflecting heightened market interest. USDC trading volume has surged to $472,618 in the past 24 hours, coinciding with Coinbase's launch of deposit services for MegaETH. However, trading of the asset will only commence once the issuer enables transfer functionality. The market is closely watching for any announcements from the MegaETH team and Coinbase regarding the start of trading, as well as potential regulatory impacts on the token's listing.
Coinbase Enables MegaETH Deposits Ahead of Token Generation Event
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