MegaETH Sale Opens Oct 27 in English Auction at $1M–$999M
MegaETH public sale launches Oct 27 for 72 hours via an English auction on Echo’s Sonar, offering 500 million MEGA tokens—5% of the 10 billion supply. Bids range from 2,650 to 186,282 USDT on Ethereum, with a fully diluted valuation (FDV) spanning $1 million to $999 million.
Accredited U.S. investors must accept a one-year lock-up in exchange for a 10% discount, while non-U.S. participants can opt into the same terms. A prior Echo sale attracted more than 3,000 investors, including Dragonfly, ConsenSys founder Joseph Lubin and Vitalik Buterin.
Premarket MEGA-USD perpetual futures on Hyperliquid imply roughly a $5 billion FDV and $17 million volume, suggesting the MegaETH sale is heavily underpriced. Polymarket forecasts an 89% probability the FDV will exceed $2 billion within 24 hours of the mainnet launch.
The underpricing strategy aims to reward early backers, foster community growth and drive a rapid price re-rating post listing. Traders should watch auction bids and post-sale futures for entry points ahead of MegaETH’s mainnet debut.
Bullish
The MegaETH public sale’s FDV range of $1 million to $999 million is sharply underpriced against a $5 billion implied FDV on Hyperliquid, indicating significant short-term upside potential. The one-year lock-up with a 10% discount will secure early demand and anchor holders, while Polymarket’s 89% chance of exceeding a $2 billion FDV within 24 hours underscores strong market confidence that could trigger immediate buying pressure.
Long term, the project’s “real-time blockchain” vision on Ethereum and backing from over 3,000 investors in the prior Echo sale bolster credibility, likely drawing additional institutional and retail interest. Active premarket perpetual trading suggests ample secondary-market liquidity, which can sustain momentum. Although some volatility is expected around the auction, these factors collectively point to a bullish outlook for MEGA.