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MEGA Reaches $200 Million Market Cap as MegaETH Launches Trading and Secures Major Exchange Listings

MegaETH said MEGA trading began after its first KPI, while Coinbase states the token is now live on Coinbase.com and the app amid a broad multi-exchange rollout and reported $200 million market capitalization.

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Fact Check
The claim is directly confirmed by MegaETH's own official X post (status/2049498272746676395, published April 29, 2026), which is the primary source cited by both Odaily and PANews. The post explicitly states MEGA will go live on April 30 at 18:00 Beijing time (on-chain) and 19:00 Beijing time (off-chain), matching the claim precisely. At least five independent outlets (Odaily, PANews, KuCoin, Phemex, Bitget, WEEX, Binance Square) all report the same details consistently, with no conflicting information found. The claim accurately reflects MegaETH's official announcement.
Summary

MegaETH said MEGA token trading started after the project reached its first KPI, with exchange access expanding across Binance, Coinbase, KuCoin and Bitget, while earlier reporting also cited Gate and said the token launched on 13 exchanges simultaneously. Separately, provided reporting said MEGA reached a $200 million market capitalization during the rollout. Coinbase states MEGA is now live on Coinbase.com and in the Coinbase app, where customers can buy, sell, convert, send, receive and store the asset. Binance detailed spot pairs, related platform services and the conversion of the MEGAUSDT perpetual product to a standard perpetual contract with up to 50x leverage, while Coinbase had also said it would launch the MEGA-PERP perpetual contract on April 30, 2026, in supported regions if liquidity conditions are met.

Terms & Concepts
  • KPI: KPI stands for key performance indicator, a measurable target used to track whether a project has met a stated milestone.
  • MEGA-PERP: Coinbase’s perpetual contract market for MEGA, a derivatives product that lets eligible traders gain exposure without a set expiry date.
  • Market capitalization: The total market value of a crypto asset, usually calculated by multiplying its token price by circulating supply.