MegaETH Public Sale Shatters Records: $285M Committed in Just 2 Hours

MegaETH just pulled off the public sale equivalent of a lightning strike—$285 million committed faster than most traders can finish their morning coffee.

The Funding Frenzy

Investors piled into the public offering with the kind of enthusiasm usually reserved for Bitcoin halving events. Two hours was all it took to lock in nearly a third of a billion dollars, proving that when crypto catches fire, it burns white-hot.

Market Implications

This kind of capital velocity makes traditional finance look like it's moving through molasses. While Wall Street bankers were probably still in committee meetings discussing allocation strategies, crypto investors had already deployed enough capital to fund multiple Fortune 500 companies.

Because nothing says 'efficient markets' like throwing hundreds of millions at something that didn't exist yesterday.

Timeline after open bidding

Following the initial sale, the next phase runs from October 30 to November 5, during which allocations will be calculated and refunds sent to non-winning participants. 

Between November 5 and 19, bidders who wish to withdraw will be able to reclaim their funds before final allocations are set from November 19 to 21. Following that, $MEGA distribution will occur automatically to winning wallets on ethereum mainnet, with locked tokens released a year later.

MegaETH’s public sale sets up the next phase of its rollout, the mainnet rewards campaign. Participants from both the Echo and public sale rounds will receive bonus tokens once the network launches, based on their engagement within the ecosystem.

Taken together, the quick sellout and detailed post-sale roadmap highlight continued attention toward community-funded blockchain models focused on real-time, scalable operations.

Also read: MegaETH Launches USDm Stablecoin to Lower Fees and Boost Growth