Members in the ICO of the second-layer undertaking MegaETH exceeded the fundraising restrict almost tenfold. The rollup collected $473 million in a day, in accordance with knowledge from the token sale page.
The group allotted 5% of the overall MEGA provide — 10 billion cash — for the preliminary providing. The utmost software measurement is $186,282, whereas the minimal threshold is $2,650.
Members from the USA can be unable to promote tokens for a yr after launch, whereas others have the choice. A ten% low cost is obtainable for agreeing to lock the cash.
The undertaking group famous that over 100,000 customers accomplished KYC verification earlier than the ICO started.
Upon the conclusion of the preliminary providing on October 30, builders will activate a particular allocation mechanism as a result of fundraising restrict being exceeded. Based on the undertaking’s web site, the principle issue can be exercise throughout the MegaETH and Ethereum communities.
The launch of MEGA is scheduled for January 2026, as said in the rollup’s white paper.
What’s driving the joy?
Based on Santiment analyst Brian Q, the exercise of MegaETH ICO individuals is linked to the undertaking’s bold guarantees. Builders claimed that after implementing parallelization, they intend to realize a throughput of 100,000 TPS.
“If efficiently applied, the undertaking may grow to be one of essentially the most useful extensions of the Ethereum ecosystem,” the professional famous.
The creators of MegaETH — MegaLabs — have additionally managed to draw important investments and safe assist from co-founders of the second-largest cryptocurrency platform by market capitalization, Vitalik Buterin and Joe Lubin.
However, Q described the exercise as a “pink flag.” He emphasised that the participation of such a big quantity of traders may create speculative strain and enhance the chance of a correction after the coin’s launch.
“It’s extra doubtless a social momentum slightly than an goal evaluation of basic indicators,” the analyst said.
Based on Arkham, the quantity of functions exceeded the restrict throughout the first two hours. No less than 819 wallets contributed the utmost doable participation quantity.
$285 MILLION COMMITTED TO MEGAETH IN ONLY 2 HOURS
The MegaETH public sale has been open for two hours thus far — it’s already oversubscribed by greater than 5x.
819 addresses dedicated the max quantity, sending $186,282 USDT to MegaETH’s sale deal with. pic.twitter.com/4KCcRhLDtH
— Arkham (@arkham) October 27, 2025
Customers on Polymarket are betting on the ICO’s end result. The bulk of individuals (83%) consider the ultimate quantity raised will exceed $1 billion. 24% are assured the determine will attain $1.8 billion.
Again in March, MegaETH builders launched a public testnet with a declared throughput of 20,000 TPS.
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