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MegaETH, an upcoming 
Ethereum L2 that hopes to achieve 100k transactions per second, will conduct a token auction beginning on October 27. The protocol will offer 5% of the total MEGA supply during a three-day sale through Coinbase's recently acquired Sonar token sale platform.
What’s the Scoop?
- Auction Launch:
MegaETH will auction 500M MEGA tokens (5% of total supply) in a 72-hour English auction that begins on October 27. The sale will have a starting price of $0.0001 per token ($1M FDV) and feature a ceiling price of $0.0999 per token ($999M FDV). - Auction Mechanics: The sale will run on Sonar, Coinbase’s recently acquired crypto crowdfunding platform. Participants can bid using USDT on Ethereum, with individual contributions capped to $186,282 maximum. The auction format allows the price to rise dynamically based on demand, with allocations finalized once bidding closes after 72 hours.
- Lockup Incentives: Purchasers who lock their MEGA tokens for one year will receive a 10% discount on their purchase price. Eligibility is limited to verified accredited U.S. persons (subject to a mandatory one-year lock) and verified non-U.S. persons. Each participant can only use one wallet address to ensure fair distribution.
The First Real-Time Blockchain.
— MegaETH (@megaeth_labs) October 22, 2025
Built for you. Priced by you.
Our public sale on Sonar by Echo, starting at $1M FDV, makes you the largest stakeholder in our network. [thread] pic.twitter.com/H578wpYFtk
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