While the rest of the crypto market bleeds, MegaETH’s public auction has closed after a crazed sell-out, will it be the biggest launch of Q4?
MegaETH closed its public token sale on Thursday after demand surged far beyond expectations.
Bids ran into the billions, giving the project a “hypothetical” fully diluted valuation of more than $27.8 billion.
The auction launched last week under an English-style format with a planned cap of around $50 million. Even so, MegaETH kept bidding open after the clearing price reached its ceiling of $0.0999 per token.
Who Qualified as ‘Key Contributors’ in the MegaETH Sale?
Data from the project’s website shows total bid commitments topping $1.39 billion, making the sale roughly 27.8 times oversubscribed.
The 72-hour auction opened on Monday. It quickly reached its minimum guaranteed price of $0.0001 per token, implying a $1 million baseline valuation. The event sold out within minutes.
MegaETH used a “bimodal allocation process,” giving priority to what it called “key contributors” in the ecosystem. The team said at least 5,000 people are expected to receive the minimum allocation, set at $2,650.
Bidders could commit anywhere from $2,650 to $186,282 each, even after the sale was already oversubscribed. According to the project, more than 50,000 people worldwide took part.
The $MEGA Public Sale is Closed.
Total Bidders: Over 50k
Total Committed: $1.39b
Oversubscription: 27.8xThanks to everyone who participated. Now we allocate. pic.twitter.com/pyCQ5jr5yy
— MegaETH (@megaeth) October 30, 2025
The team added that anyone who bid below the $0.0999 clearing price will begin receiving refunds. Those who placed bids at the cap will face an extra review before final allocations are confirmed.
MegaETH has drawn sharp attention across social feeds as it pitches faster, cheaper activity on Ethereum. The project is building a Layer-2 network designed to process more transactions while relying on Ethereum for security.
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Why Are Traders Calling the Sale a “Speedrun of Irrationality”?
Its aim is near-instant settlement, similar to everyday web or gaming apps. Before launch, the team promoted incentives on X, including KPI-linked rewards for stakers tied to ecosystem milestones.
Introducing KPI Rewards for $MEGA
KPI Rewards links token emissions to data, not dates.
We set performance and adoption targets for the network that, when hit, rewards $MEGA stakers. pic.twitter.com/5IWLTUE3cO
— MegaETH (@megaeth) October 24, 2025
The public sale opened on Oct. 27, offering about 5% of the token supply. Buyers placed USDT bids within a set price range. Large contributors could commit up to roughly $186,000.
Some opted to lock tokens for 12 months at a discount, showing confidence despite delayed liquidity. Santiment set up a dashboard to track the offering.
Arkham reported 819 wallets maxed out contributions in the first two hours, later climbing to 1,054. The rush surprised traders, with some calling it a crowd-driven “speedrun of irrationality.”
$285 MILLION COMMITTED TO MEGAETH IN ONLY 2 HOURS
The MegaETH public sale has been open for 2 hours so far – it is already oversubscribed by more than 5x.
819 addresses committed the max amount, sending $186,282 USDT to MegaETH’s sale address. pic.twitter.com/4KCcRhLDtH
— Arkham (@arkham) October 27, 2025
Hype does not guarantee follow-through. Many blockchain projects struggle to deliver under real demand. MegaETH’s early testing appears promising, but it must demonstrate that it can handle high traffic without compromising security.
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Missed Out on MegaETH? Analysts Spotlight Maxi Doge (MAXI) As Next Meme Coin With 100X Potential
If you blinked and missed the MegaETH presale sell-out, don’t beat yourself up because the next 100x play might already be staring the market in the face. It’s called MAXI Doge, and analysts across the crypto space are calling it the next meme coin primed to explode.
Right now, MAXI is still in presale at $0.0002655, but only for a short window before the price climbs again.
Once that round closes, you’ll be watching the same chart others will, except they’ll be celebrating, and you’ll be asking why you didn’t move sooner.
Unlike most copycat memes riding hype for 24 hours, MAXI Doge is engineered for virality. It embodies everything that made Dogecoin legendary: OG humor, scrappy attitude, and unstoppable community energy, all while tapping into a new generation of retail traders who treat meme trading as a full-contact sport.
Influencers are piling in, Telegram groups are swelling by the minute, and early presale buyers are already staking for an 80% dynamic APY, fueling a self-reinforcing flywheel of hype and yield that no algorithm can replicate.
If Dogecoin was the warm-up act and Shiba the sequel, MAXI is the remix, the one that turns laughter into legend and banter into bank.
Join the Maxi Doge community on X and Telegram.
You missed MegaETH. Don’t miss this.
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