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Upcoming high-performance 
Ethereum L2 
MegaETH raised $50M in a matter of minutes this morning at the maximum $999M valuation, with demand for MEGA tokens exceeded available supply by three times.
What’s the Scoop?
- Blowout Sale: MegaETH has successfully offloaded 5% of its total MEGA supply to retail investors at a ~$1B valuation. The offering, which accepted only Tether’s USDT on Ethereum mainnet, was 3x oversubscribed, with total demand reaching an implied $3 billion FDV at peak.
- Participation Criteria: Only verified accredited U.S. investors and verified non-U.S. participants were eligible. Buyers who locked their MEGA for one year received a 10% token discount, and all U.S. investors were required to lock their tokens.
- Distribution Timeline: MEGA allocations will be determined by November 5, at which time refunds will commence for un-allocated users. Allocated users can withdraw their entire bid up until November 19, and the token sale will be considered "settled" on November 21.
- Community Sales: MegaETH’s ICO follows a series of community-driven fundraising efforts, including a $10M
Echo raise last December and its $13M "The Fluffle" NFT sale. All together, MegaETH has now raised ~$75M from retail investors through these various offering formats. - Recent Repurchase: Earlier this month, MegaETH repurchased 4.75% of company equity and token warrants from early pre-seed (non-retail) investors.
100,000+ users KYC'd. Over 70,000 Twitter users.$MEGA Public Sale kicks off tomorrow at 1pm UTC/ 9a EST.
— MegaETH (@megaeth_labs) October 26, 2025
More dates and details to stay informed [thread] pic.twitter.com/pGSKoltpm4
