MegaETH ICO sees massive 8.9x oversubscription

October 28, 2025

, By Cointelegraph

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Ethereum layer-2 network MegaETH’s initial coin offering reportedly “sold out” within minutes and is now oversubscribed by about $400 million, as users scramble to get an allocation of its MEGA token.

The Ethereum layer-2 network opened the auction for its MEGA token on Monday with a raise cap of just under $50 million, but the auction has since seen more than $450 million in commitments in just a matter of hours.

In total, the initial coin offering (ICO) will allocate 5% of the total 10 billion token supply, with a maximum bid amount of…

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MegaETH ICO sees massive 8.9x oversubscription

October 28, 2025

, Published By Cointelegraph

Ethereum layer-2 network MegaETH’s initial coin offering reportedly “sold out” within minutes and is now oversubscribed by about $400 million, as users scramble to get an allocation of its MEGA token.

The Ethereum layer-2 network opened the auction for its MEGA token on Monday with a raise cap of just under $50 million, but the auction has since seen more than $450 million in commitments in just a matter of hours.

In total, the initial coin offering (ICO) will allocate 5% of the total 10 billion token supply, with a maximum bid amount of…

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Previous News

VMS TMT achieves a festive milestone!

Next News

Australian watchdog sues Microsoft for misleading 2.7 million M365 users — deliberately hiding a cheaper Classic subscription plan without Copilot

More like this

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