The MEGA token generation event (TGE) is set to activate seven days after the USDM supply reaches $500 million on MegaEth; the current supply stands at $131 million. Recently, GMX integrated USDM into its GLV vaults to enhance liquidity options. Notably, every dollar of USDM generates treasury yield that is automatically funneled into MEGA buybacks, making the event crucial as participants anticipate a price range of $0.13 to $0.50 while needing four times growth to meet the on-chain threshold.
MEGA token generation event to trigger after USDM reaches $500M supply
