Blockchain analysis firm Bubblemaps analyzed via X that "on April 30 (local time), during the Token Generation Event (TGE) of Ethereum Layer 2 Megaether (MEGA), tokens were allocated to 8,360 addresses." Bubblemaps added, "It appears that 50% of the addresses that received tokens still hold their allocation, 40% have sold their entire allocation, and 10% have partially sold."