The trigger looks mostly volume driven. When a hyped project dumps 80% and then shows first strength, traders usually rotate back into it fast.
👉 After 45 days of heavy bleeding, traders started seeing reversal patterns around $0.042
👉 CMC also mentioned MNX raising $6.4M for an AI futures exchange on MegaETH, plus ongoing MegaETH upgrades, so the ecosystem narrative is getting active again.
👉 Also Terminal rewards are in USDM, not direct MEGA, which may reduce immediate sell pressure.