@crypto777money
$MEGA - Binance Premarket Futures
Binance just announced premarket futures with up to 5x leverage for $MEGA today 12-15 UTC and the price already reacted with a ~15% clean dump on the news.
I’m expecting more downside from here.
Why?
Early seed/sale participants will likely start hedging. On MEXC, many didn’t hedge earlier due to thin order books and the risk of trading real size there.
Binance, however, is a much more liquid and reliable venue, so it makes sense that allocations will start getting hedged now.
📌 Sale price: $0.099
📈 Current profit for sale participants: ~60% (just FYI)
I’ll personally start building short positions only after tokenomics announcements and more clarity on supply dynamics.
At the current market, $1.6B FDV looks very expensive.
Yes, the project has Vitalik Buterin support, so we might still see a push higher — but historically, the outcome for such setups is often the same: eventual heavy downside.
P.S. Mainnet launch on February 9th
#megaeth
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