MegaETH’s token sale attracted over $450 million, oversubscribed 8.9 times its goal.
Only 5% of the 10B supply allocated, with investments capped at $186,282 per contributor.
The Ethereum layer-2 project MegaETH has received enormous interest from crypto investors during its active token sale. The auction, which opened Monday, received committed funds totalling over $450 million within hours of opening, far exceeding its original fundraising goal of $50 million. The rush for commitments represents an oversubscription of 8.9 times and is a clear indication of the market’s excitement for this high-performance blockchain network.
Token Distribution and Market Dynamics
The initial coin offering sets aside 5% of MegaETH’s total token supply of 10 billion tokens for early contributors. Individuals can invest anywhere from a minimum of $2,650 to a maximum of $186,282. There is also an optional one-year lockup that provides a 10% discount on the token price.
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