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
On-chain address cleaned out BTC and ETH positions, taking $1.75M profit before opening $39.4M long position
On March 20th, address 0x94d closed out 105 million dollars in BTC and ETH short positions, realizing profits of approximately 1.75 million dollars, then reversed to open long positions. The current long position size has reached 39.4 million dollars with unrealized losses of approximately 10,000 dollars. This address is known for reverse operations and excels at swing trading.
GateNews11m ago
Citigroup Slashes Bitcoin Price Target! Legislative Progress Falls Short of Expectations, Policy Tailwinds Unlikely to Materialize in Near Term
Citigroup has lowered its 12-month target prices for Bitcoin and Ethereum mainly due to delays in U.S. cryptocurrency legislation and increased macroeconomic uncertainty, indicating a cautious market attitude toward the medium-term outlook for crypto assets. After the revision, the target price for Bitcoin is now $112,000, and for Ethereum, $3,175. In the short term, the market may trade within a range amid ongoing uncertainty, and regulatory clarity may take longer to emerge.
CryptoCity1h ago
BlackRock Ether Staking Fund Reaches $254 Million in Assets One Week After Launch
BlackRock's iShares Staked Ethereum Trust (ETHB) has accumulated $254 million in assets under management since its launch on March 12, with inflows of $146 million and staked Ethereum comprising 70-95% of holdings. Monthly staking rewards are distributed to investors at 82%, with sponsor fees discounted to 0.12%.
GateNews1h ago
Ethereum Tests Critical Support Zone, Risk of Breakdown and Extended Downtrend?
The Ethereum Foundation has allocated 3,400 ETH to the decentralized lending protocol Morpho, enhancing its treasury strategy. This includes 1,000 ETH in Morpho Vaults V2, aimed at sustainable DeFi yields, following an earlier deployment of 2,400 ETH last October.
TapChiBitcoin1h ago
Ethereum spot ETF experienced net outflows of $129.8 million yesterday, with BlackRock's ETHA outflows exceeding $100 million
On March 19, Ethereum spot ETFs recorded net outflows of $129.8 million, significantly higher than the previous day's $55.69 million. Among them, BlackRock's ETHA saw outflows of $100.9 million, which was the primary source of outflows. The only fund recording net inflows was BlackRock's staking version ETHB, with inflows of $7.61 million.
GateNews2h ago
ETH's Biggest Bull "ETH Swing Master" Turns Profit to Loss on $150M Position, Average Price $2,148
On-chain data shows that an institutional-associated address "ETH Wave Master" has an unrealized loss of $520,000 on its ETH long position, with an average entry price of $2,148 and a position size of approximately $150 million. The whale previously added to its position at higher levels and also holds a 20x leveraged BTC long position with an unrealized gain of $1.3 million.
GateNews2h ago
