# MegaETH Publishes Specifics for Upcoming Public Token Sale

*Author: Jack Inabinet*
*Published: Oct 22, 2025*
*Source: https://www.bankless.com/read/news/megaeth-publishes-specifics-for-upcoming-public-token-sale*

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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](https://www.bankless.com/read/news/coinbase-buying-cobies-echo-investment-platform-for-375m) 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.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](https://t.co/H578wpYFtk)— MegaETH (@megaeth_labs) [October 22, 2025](https://twitter.com/megaeth_labs/status/1980985518340125099?ref_src=twsrc%5Etfw)
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