The public token sale for #MegaETH, an Ethereum Layer 2 solution backed by Vitalik Buterin, has concluded with overwhelming success, securing an astonishing $1.39 billion in commitments.
Or claims to be the first “real time blockchain” which is good marketing but a nonsense statement. Nevertheless,
the sale was 27.8 times oversubscribed, vastly surpassing its target of $49.95 million for 5% of the total token supply.
This massive demand pushes the project's implied fully diluted valuation to approximately $27.8 billion based on the commitment prices. The excitement is further reflected in pre-market trading, where the $MEGA token is reportedly trading at up to five times the sale price. With MegaETH aiming to deliver real-time speeds amid the current L2 boom, the token launch is now eagerly anticipated for January 2026.
3.68K
2
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.