MegaETH Announces $MEGA Token Sale via English Auction on Echo’s Sonar Platform

MegaETH is set to launch its public token sale for $MEGA on October 27, offering retail investors direct access to 5% of the token supply through an English auction hosted on Echo’s Sonar platform. The sale, priced between a $1 million and $999 million fully diluted valuation (FDV), aims to decentralize ownership by prioritizing early community members over large capital inflows. Bids will range from $2,650 to $186,282 per participant.

The event follows a record-breaking 2024 sale hosted by Cobie’s Echo, which drew participation from industry heavyweights like Vitalik Buterin and Dragonfly Capital. This iteration introduces a more decentralized allocation process, reinforcing MegaETH’s commitment to community-driven governance as it advances real-time blockchain scalability.

In a parallel development, MegaETH recently unveiled USDm, a native stablecoin developed in partnership with undisclosed collaborators, further expanding its ecosystem ahead of the token sale.