MegaETH Sale Raises $1.39B in 27.8× Oversubscription
MegaETH public sale has closed with a record $1.39B raised from 53,420 verified participants, achieving 27.8× oversubscription on a $50M cap. Whales and institutions accounted for 51% of bids. All orders under $0.0999 per MEGA token will be refunded. Allocation results, determined by investment size, past ecosystem contributions, and lock-up duration, will be announced on November 5. The token generation event (TGE) is scheduled for mid-December 2025 under MiCA regulations. MegaETH’s advanced Layer 2 features—sequencer rotation, proximity markets, and high-speed transactions—and a pre-launch KYC of over 100,000 users supported a rapid $50M USDT raise within five minutes. These factors set MEGA for a high fully diluted valuation of $27.8B and a strong market debut.
Bullish
The unprecedented 27.8× oversubscription and $1.39B raised demonstrate robust demand for the MEGA token, signaling strong investor confidence. Institutional and whale participation accounting for over half of allocations further underscores expectations of a positive price impact. In the short term, the forced refunds of low bids and a structured allocation process reduce volatility, while the pre-launch KYC and rapid USDT-based fundraising highlight operational efficiency. Over the long term, MEGA’s advanced Layer 2 features, clear TGE timeline under MiCA regulations, and high fully diluted valuation support sustained bullish sentiment as the token approaches its market debut.