MegaETH

Ethereum

Token

Arkham

<h2 id="key-points">Key Points</h2>
<ul>
 <li>The Ethereum Layer-2 network MegaETH’s initial coin offering was oversubscribed within five minutes, attracting $360.8 million.</li>
 <li>The oversubscription led to a hypothetical fully diluted valuation of $7.2 billion.</li>
</ul>
<p>MegaETH, an Ethereum Layer-2 network, launched its initial coin offering on October 27, which was quickly oversubscribed.</p>
<p>The offering attracted a staggering $360.8 million in commitments at a ceiling price of $0.0999 per token.</p>
<h2 id="impressive-valuation">Impressive Valuation</h2>
<p>The oversubscription resulted in a hypothetical fully diluted valuation of $7.2 billion. However, the official post-allocation FDV will be $999 million once the final distributions are calculated against the $49.95 million raise cap.</p>
<p>The public sale of MegaETH saw a remarkable response, with more than 100,000 users completing know-your-customer procedures ahead of the sale.</p>
<p>In the first two hours, Arkham Intelligence reported that 819 addresses had committed the maximum individual amount of $186,282 in USDT to the MegaETH sale.</p>
<h2 id="allocation-and-engagement">Allocation and Engagement</h2>
<p>Due to the overwhelming demand, MegaETH will determine final allocations by assessing participants’ past engagement with the MegaETH and Ethereum communities.</p>
<p>US-based participants are required to lock their tokens for one year, while non-US participants can choose optional lockups that may improve allocation chances.</p>
<p>MegaETH gained attention after its testnet launch in March 2025, which aims to achieve 100,000+ transactions per second with block times under 10 milliseconds.</p>
<p>The project had previously completed a $20 million seed funding round in June 2024.</p>
<p>The Token Generation Event is estimated to occur in January 2026, at least 40 days after the sale concludes.</p>
<p>The MEGA token launch will enter a market facing significant supply pressure from upcoming token unlocks totaling over $650 million across various altcoin projects.</p>

Explosive Interest in MegaETH Layer-2 ICO: $360M Pledged in Mere Minutes

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CoinEagle.com

Other articles published on Oct 27, 2025

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