As per Coinotag, MegaETH’s initial coin offering was oversubscribed within minutes, drawing $350 million in pre-deposits at a hypothetical $7 billion fully diluted valuation. The Ethereum layer-2 network, which promises near-instant transaction speeds, attracted over 100,000 verified users. The ICO hit five times its capacity in hours, with allocations based on community engagement. The token generation event is expected at least 40 days after the sale, with a full launch planned for January 2026.
MegaETH ICO Oversubscribed in Minutes, Attracts $350M in Pre-Deposits
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