{"id":90357,"date":"2025-10-28T12:18:52","date_gmt":"2025-10-28T10:18:52","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=90357"},"modified":"2025-10-28T11:20:21","modified_gmt":"2025-10-28T09:20:21","slug":"megaeth-raises-470-million-in-first-day-of-token-sale","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/megaeth-raises-470-million-in-first-day-of-token-sale\/","title":{"rendered":"MegaETH Raises $470 Million in First Day of Token Sale"},"content":{"rendered":"

Participants in the ICO<\/a> of the second-layer project MegaETH<\/a> exceeded the fundraising limit nearly tenfold. The rollup collected $473 million in a day, according to data from the token sale page<\/a>.\u00a0<\/p>\n

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Source: MegaETH.\u00a0<\/figcaption><\/figure>\n

The team allocated 5% of the total MEGA supply \u2014 10 billion coins \u2014 for the initial offering. The maximum application size is $186,282, while the minimum threshold is $2,650.\u00a0<\/p>\n

Participants from the United States will be unable to sell tokens for a year after launch, while others have the option. A 10% discount is offered for agreeing to lock the coins.<\/p>\n

The project team noted that over 100,000 users completed KYC<\/span> verification before the ICO began.\u00a0<\/p>\n

Upon the conclusion of the initial offering on October 30, developers will activate a special allocation mechanism due to the fundraising limit being exceeded. According to the project’s website, the main factor will be activity within the MegaETH and Ethereum communities.\u00a0\u00a0<\/p>\n

The launch of MEGA is scheduled for January 2026, as stated in the rollup’s white paper<\/a>.\u00a0<\/p>\n

What is driving the excitement?\u00a0<\/h2>\n

According to Santiment analyst Brian Q, the activity of MegaETH ICO participants is linked<\/a> to the project’s ambitious promises. Developers claimed that after implementing parallelization<\/a>, they intend to achieve a throughput of 100,000 TPS<\/span>.\u00a0<\/p>\n

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“If successfully implemented, the project could become one of the most beneficial extensions of the Ethereum ecosystem,” the expert noted.<\/em><\/p>\n<\/blockquote>\n

The creators of MegaETH \u2014 MegaLabs \u2014 have also managed to attract significant investments and secure support from co-founders of the second-largest cryptocurrency platform by market capitalization, Vitalik Buterin and Joe Lubin.\u00a0<\/p>\n

Nevertheless, Q described the activity as a “red flag.” He emphasized that the participation of such a large number of investors could create speculative pressure and increase the likelihood of a correction after the coin’s launch.\u00a0<\/p>\n

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“It’s more likely a social momentum rather than an objective assessment of fundamental indicators,” the analyst stated.\u00a0<\/em><\/p>\n<\/blockquote>\n

According to Arkham, the volume of applications exceeded the limit within the first two hours. At least 819 wallets contributed the maximum possible participation amount.<\/p>\n

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$285 MILLION COMMITTED TO MEGAETH IN ONLY 2 HOURS<\/p>\n

The MegaETH public sale has been open for 2 hours so far \u2014 it is already oversubscribed by more than 5x. <\/p>\n

819 addresses committed the max amount, sending $186,282 USDT to MegaETH\u2019s sale address. pic.twitter.com\/4KCcRhLDtH<\/a><\/p>\n

\u2014 Arkham (@arkham) October 27, 2025<\/a><\/p><\/blockquote>\n