Investors Flock to MegaETH’s $450M Token Sale as Ethereum Founders-Backed Project Smashes Target
Ethereum layer-2 project MegaETH raised $450 million in an oversubscribed token sale, nearly nine times its initial target.Summary
The Ethereum layer-2 project MegaETH successfully raised $450 million in a token sale that was oversubscribed by nearly nine times its target, attracting over 14,491 investors in just hours. Backed by Ethereum co-founders Vitalik Buterin and Joe Lubin through their parent company MegaLabs, MegaETH aims to achieve web-level performance with sub-millisecond latency and 100,000 transactions per second while maintaining Ethereum compatibility. Final token distributions for the MEGA tokens, which will be ERC-20 and launch trading in January 2026, will be determined by a weighted allocation system considering community engagement and lock-up commitments. While the demand signals strong investor appetite for ultra-fast Ethereum scaling solutions, analysts caution that such aggressive buying could amplify speculative pressure, citing the poor post-launch performance of the hyped Plasma blockchain as a potential risk.
(Source：CoinDesk)