In a remarkable display of investor enthusiasm, MegaETH successfully conducted a token sale for its native token MEGA in October 2025, raising an impressive $450 million. The overwhelming demand for the token underscores the project's potential impact on the Ethereum ecosystem, and the report highlights positive developments indicating that.
Oversubscribed Token Sale
The token sale was significantly oversubscribed, with total commitments reaching a staggering $139 billion, nearly nine times the initial target of $50 million. This level of interest highlights the strong confidence investors have in MegaETH and its innovative approach to enhancing the Ethereum network.
Allocation and Compliance
During the sale, only 5% of the total MEGA supply was allocated to participants, who were required to undergo identity verification to ensure compliance and security. This strategic move not only fosters trust among investors but also positions MegaETH as a serious contender in the rapidly evolving crypto landscape.
In contrast to MegaETH's recent token sale success, Mutuum Finance has also gained significant traction, with its presale surpassing $20 million. For more details, see the full article here.
