MegaETH is poised to launch its token on April 30, targeting a fully diluted valuation (FDV) of $1.6 billion. The token generation event will unlock 20% of the total supply for Fluffle NFT holders, whose NFT prices have surged from 0.5 ETH to 2.1 ETH. This initial distribution could create selling pressure, potentially impacting MegaETH's market cap shortly after launch. Market participants are closely watching the token's performance, with expectations of significant developments between April 30 and June 30. The market anticipates a catalyst during this period, with a 99.7% probability of positive developments by June 30. The key focus remains on whether MegaETH can sustain its $1.6 billion FDV after the initial supply release.