MegaETH ICO reaches the committed milestone of 1 billion dollars

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MegaETH, a “real-time” Layer 2 blockchain on Ethereum, will end its ICO at 9 PM today (30/10) with demand far exceeding the target of 50 million USD, as over 1 billion USD has been registered to purchase MEGA tokens. Nearly 38,000 participants, averaging 25,000 USD each, according to community data. This is the third funding round for MegaETH, following the Echo round in 2024 and the “Fluffles” NFT series.

Investors can set their desired valuation, with a maximum corresponding FDV of 999 million USD. Meanwhile, the MEGA token on Hyperliquid is trading at 0.43 USD, equivalent to an FDV of 4.3 billion USD — a potential profit of 300% compared to the ICO price. Participants can lock the token for 1 year to receive a 10% discount. Token allocation is based on on-chain history and level of contribution. On Polymarket, over 33 million USD has been wagered predicting the total amount raised.

ICO MegaETH reached the committed milestone of 1 billion USD

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