Coinbase supports MegaETH deposits ahead of April 30 token event

Coinbase enabled deposits for MegaETH (MEGA) ahead of the token-generation event scheduled around April 30, signaling that a major exchange expects sufficient demand. Prediction markets on Polymarket price the April 30 launch as near-certain (around 98% YES), with later-dated contracts effectively certain, leaving minimal upside for new YES positions. On-chain/market depth data show $472,618 in USDC volume over 24 hours and it would take roughly $77,754 to move the April 30 contract price by 5 percentage points. The key market implications: Coinbase’s deposit support reduces launch uncertainty and may increase on-exchange liquidity once transfers/trading are enabled, but current prices already reflect a near-certain outcome, limiting speculative gains. Watch for the MegaETH team, Coinbase updates on trading availability, and any regulatory or TGE delays that could create contrarian opportunities.