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.
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