MegaETH unveils public sale details as traders price the token at a $5B FDV on Hyperliquid
Crypto Briefing
MegaETH announced a public sale for 5% of its supply via an English auction starting at a $1M FDV, while Hyperliquid futures imply a $5B FDV.Summary
MegaETH has detailed its public sale, offering 5% of its token supply through an English auction on Sonar by Echo, running from October 27 to 30. The auction begins with a $1 million Fully Diluted Valuation (FDV) cap and allows bids between $2,650 and $186,282 in USDT. Participants can opt for a one-year lockup to receive a 10% discount. MegaETH is developing scalable infrastructure for Ethereum, and a prior Echo sale attracted notable investors like Dragonfly, Joseph Lubin, and Vitalik Buterin. Significantly, perpetual futures for MEGA-USD on Hyperliquid are already trading near an implied $5 billion FDV, indicating high market anticipation for the project's mainnet launch.
(Source：Crypto Briefing)