The MegaETH token auction ended with a record result: in just a few hours, investors contributed over $450 million with an initial limit of less than $50 million. Demand was so high that the offering became one of the most notable events of the year.
Unexpected Hype and Instant Sell-Out
MegaETH opened token sales on Monday, and the volume of applications exceeded the set limit by about $400 million.
The MEGA token sale started at the beginning of the week and closed almost immediately after opening. Only 5% of the total supply — 10 billion tokens — was allocated for sale. The range of bids varied from $2,600 to $186,000. Participants could also choose to lock their assets for one year to receive an additional discount.
Due to excessive demand, the project team implemented a new distribution mechanism that takes into account applicants’ previous activity in the ecosystem and the choice of lock-up when participating in the auction.
Listing Plans and Token Usage
According to the documentation, the token’s market launch is scheduled for January 2026. MEGA will be traded on both centralized and decentralized platforms, maintaining the standard ERC-20 format.
In addition, it will become the main element of the network’s internal infrastructure, ensuring the operation of key processes — from governance to interaction with protocols.
Growth by Almost Nine Times: Faith in Technology or Fear of Missing Out
According to analytical services, in the first two hours of trading, more than 800 participants placed maximum bids, and the total investment volume exceeded the limit several times over.
Analysts warn that such synchronous activity may be a sign of an overheated market. When a significant portion of participants acts simultaneously, the likelihood of a short-term correction increases. Such surges are often driven not by rational assessment, but by the desire not to be left ‘on the sidelines’ of potential growth.
Why the Project Attracted So Much Interest
The hype was caused by ambitious goals and technological promises. The developers claim that the network will be able to process up to 100,000 transactions per second with minimal latency while maintaining compatibility with Ethereum. The test version, launched in the spring, has already demonstrated stable operation and high scaling potential.
According to analysts, MegaETH attracted attention by aiming to combine the speed and smoothness of traditional applications with the security and reliability of the Ethereum blockchain — a combination the market has been waiting for several years.
What’s Next?
After the auction ends, the final list of participants and token distribution will be announced. If the project confirms its technical capabilities, MEGA could become one of the key assets in the Ethereum ecosystem by 2026.
Nevertheless, analysts advise caution: interest in the project is huge, but its long-term sustainability remains in question.
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