MegaETH Public Sale $954M in 19× Oversubscription, Ends Soon
MegaETH public sale has so far drawn $954 million in bids, exceeding its $50 million cap by 19.1× oversubscription. Early results showed $412 million in bids at an 8.2× oversubscription with 2.5 days remaining, before demand accelerated as the sale neared completion. As the MegaETH public sale approaches its close with under 12 hours left, the robust interest highlights growing enthusiasm for Ethereum-based crypto presales and token sale fundraising. Traders should watch MegaETH listing plans, final token allocations, and secondary-market price action, as high oversubscription typically precedes significant trading volatility and profit opportunities. Ethereum network developments will also shape MegaETH’s post-sale performance.
Bullish
The record 19.1× oversubscription demonstrates strong investor demand for the MegaETH token, typically leading to price appreciation once tokens start trading. Historically, heavily oversubscribed token sales often trigger early listing rallies, benefiting traders in the short term. While short-term volatility is expected due to pent-up demand and token allocation processes, long-term price performance will hinge on MegaETH’s project fundamentals and broader Ethereum network developments. Overall, the robust presale uptake points to a bullish outlook for MegaETH’s market debut.