Well, well, well. Look who’s got more money than they know what to do with. MegaETH, the blockchain sensation that no one knew they needed, has pulled off an absolutely mind-blowing stunt. They announced their $MEGA token sale on Monday, and before you could say “What’s a gas fee?”-poof-it was sold out. In minutes. Not hours. Minutes. We’re talking $49.95 million cap reached, with a little extra splash of enthusiasm pushing total commitments to a grand total of $306 million. That’s six times the intended goal, by the way. Talk about exceeding expectations!
According to the oh-so-reliable Echo Sonar platform (sounds fancy, doesn’t it?), the bids came in so fast that the token hit its ceiling price of $0.0999 before you could blink. That’s a fully diluted valuation of $999 million. Yep, you read that right. Close your jaw. It’s probably broken by now.
Now, let’s break down the bidding process. It was an English-style public sale, which, to be honest, sounds like something out of a posh British garden party. The sale opened at 1 p.m. UTC, offering up a generous 5% of the total $MEGA supply to retail participants. Over 5,000 eager-beavers jumped in, hoping to get a piece of the action. Oh, and they had a small detail in mind: they wanted to “price the network by its users,” because why would you want big institutional bids when you can have regular folks burning the midnight oil and maxing out their wallets?
Let’s not forget, this is MegaETH’s second time selling out faster than a rock concert with no seats. Last year’s record-breaking sale on Cobie’s Echo platform was just a warm-up for this unprecedented crypto phenomenon. In case you’re wondering, it’s now a bona fide trend. Watch out, world!
The $MEGA Public Sale Begins Now.
It will remain until Thurs, Oct 30th 1p UTC / 9a EST.
– MegaETH (@megaeth_labs) October 27, 2025
The network, which loves to call itself a “real-time blockchain” (because, why not?), has become the talk of the town, especially with its stablecoin-based fee model that does a grand job of removing the age-old reliance on traditional gas fees. Gas? More like a thing of the past. Say hello to the future.
So, let’s talk numbers. According to Arkham (sounds like they’ve been watching too many spy movies), a whopping $285 million was committed within just two hours of the sale opening. That’s right. Two. Hours. Eight hundred and nineteen wallets. Each sending the max amount of $186,282 USDT. That’s a lot of crypto. A lot.
$285 MILLION COMMITTED TO MEGAETH IN ONLY 2 HOURS
The MegaETH public sale has been open for 2 hours so far – it is already oversubscribed by more than 5x.
819 addresses committed the max amount, sending $186,282 USDT to MegaETH’s sale address.
– Arkham (@arkham) October 27, 2025
What Happens After the Bidding Ends?
Great question, dear reader. Following the initial sale, the next phase will run from October 30 to November 5. This is when the allocation will be calculated, and-drumroll-refunds will be sent to those unfortunate souls who didn’t win the crypto lottery. For those still dreaming of a refund, the window to withdraw your funds runs from November 5 to 19. After that, final allocations are locked in, and the real fun begins between November 19 to 21. Then, boom, $MEGA tokens will be distributed to the winning wallets on Ethereum mainnet, with locked tokens being released a whole year later. It’s like waiting for Christmas, except you don’t know if you’ve been naughty or nice. (Spoiler: you’re getting $MEGA either way.)
And just when you thought it couldn’t get any better, there’s more! MegaETH has promised bonus tokens for everyone who participated in the sale-both Echo and public sale rounds-based on how engaged you are in the ecosystem once the network launches. So go ahead, buy your $MEGA, stake it, play with it, live with it-just don’t say we didn’t warn you when you’re sitting on a fortune in the near future.
In conclusion, what MegaETH has done is nothing short of a masterclass in community-funded blockchain models. It’s quick, it’s scalable, and it’s definitely real-time. The only thing faster than the sale? Your need for a nap after reading all this.
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2025-10-27 21:28