PANews reported on October 22 that MegaETH, an Ethereum scaling solution developed by MegaLabs, announced on platform X that it will launch a public sale on the Sonar platform under Echo, with an initial Fully Diluted Valuation (FDV) of $1 million and a valuation cap set at $999 million. Users can bid through an English auction, with the highest bid reaching up to $186,282. If subscriptions exceed the amount, priority will be given to existing MegaETH community members, as well as investors who demonstrate long-term consistency through social activities, on-chain behavior, and locked preferences. The dual-peak distribution process ensures that tokens are widely distributed while also prioritizing key contributors. Core supporters of MegaETH will receive priority allocation, and at least 5,000 participants will receive a base allocation with a starting price of $2,650. 5% of the total MEGA tokens will be sold on October 27. The registration process for participation eligibility is now open.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
The whale "pension-usdt.eth" took profit on BTC long positions, previously totaling approximately $67 million.
The whale "pension-usdt.eth" closed all BTC long positions in the past 5 hours, with a profit of approximately $505,000, and when BTC price retreated, it built a position with 1,000 BTC worth $67 million. Since October last year, this whale has accumulated profits of over $23 million and has redirected the profits into interest-bearing markets.
GateNewsBot11m ago
Tom Lee tells investors: Stop obsessing over finding the "bottom," now is the "buying opportunity"
In response to recent sharp fluctuations in the crypto market, Fundstrat Investment Chief Tom Lee advises investors to look for entry opportunities rather than panic selling. He pointed out that Bitcoin has retraced nearly 50% of its gains and emphasized that the market weakness is a chain reaction caused by volatility in precious metals. He expects Bitcoin to outperform gold by 2026.
区块客28m ago
ETH Long-Term Holder Accumulation Rises, Over 50% of Supply Now Staked
Gate News bot message, Ethereum accumulation by long-term holders has increased during the current price decline. For the first time, more than 50% of the total ETH supply is now staked. These two developments occur as the market experiences weakness.
GateNewsBot38m ago
Polygon Flips Ethereum in Daily Fees as Polymarket Activity Explodes
Polygon fees exceeded Ethereum for 3 days, with $407,100 on Friday vs $211,700 for Ethereum.
Polymarket generated over $1,000,000 in fees on Polygon in 7 days, while Origin World generated about $130,000.
Polygon has posted higher daily transaction fees than Ethereum for three consecutive da
CryptoNewsFlash52m ago
Data: If ETH drops below $1,911, the total long liquidation strength on major CEXs will reach $977 million.
ChainCatcher reports that, according to Coinglass data, if ETH drops below $1,911, the total liquidation strength of long positions on major CEXs will reach $977 million. Conversely, if ETH breaks above $2,109, the total liquidation strength of short positions on major CEXs will reach $495 million.
GateNewsBot1h ago
BlackRock Acquires More ETH for Its Staking Program as Tom Lee Calls for $22,000 Bull Target
BlackRock acquires more ETH for its staking program.
Tom Lee calls for ETH $22,000 bull target.
He expects ETH to hit a minimum of $12,000 when BTC hits $250,000.
With the price of ETH back up over the $2,000 price range, expectations for a bullish recovery for the price of the
CryptoNewsLand1h ago
