MegaETH Completes Successful Token Sale with Record-Breaking Fundraising
Date: 2025-10-31 Author: Oliver Abernathy Categories: BUSINESS
The MegaETH token sale, which closed on October 30, 2025, saw incredible demand: it was oversubscribed more than 27 times, with investors contributing over $1.39 billion at a peak price of $0.0999 per token. Even after the price reached the clearing cap, the platform allowed participants to continue bidding, highlighting the high interest in the project.
The minimum bid to participate was $2,650, while the maximum bid per user reached $186,282. According to the official website, over 50,000 people participated in the token sale. The MegaETH team announced that it will begin automatically refunding participants whose bids were below $0.0999, while users who entered at the peak price will be further considered for token distribution. Applications are scheduled to be reviewed by November 5.
Activity surrounding the token sale was also observed on Polymarket: the volume of bets on the outcome of the funds raised reached almost $60 million, with 99% of participants confident that the final investment amount will exceed $1 billion. This enthusiasm reflects the market's confidence in MegaETH's potential.
As a reminder, in March 2025, the project team launched a public testnet with a throughput of 20,000 TPS, confirming the platform's technical readiness for scalability. This infrastructure base allows MegaETH to ensure high transaction speeds and support a large number of simultaneous users.
The results of the MegaETH token sale demonstrate growing interest in Ethereum's second-layer solutions and confirm investors' readiness to actively participate in large-scale blockchain projects. The project team plans to continue working to improve the platform's functionality and ensure transparency in token distribution, which will help build trust within the crypto enthusiast community.
MegaETH's strong market performance could serve as a model for other Ethereum second-layer projects, stimulating the adoption of new technologies and increasing liquidity. Investor and analyst interest in the platform remains consistently high, and the completion of the ICO marks a significant milestone in the project's development, opening up new opportunities for its further scaling and integration into the Ethereum ecosystem.
