Presales are back in a big way, led by MegaETH and its MEGA ICO. The public sale opened mere hours ago and has already raised nearly $300m, making it oversubscribed by more than 5.8x.
The hypothetical market cap if all funds were committed to the presale exceeds $5.8Bn. However, the ICO is capped at $49,950,000, which limits the market cap to $999,000,000.
MegaETH is an Ethereum Layer-2 protocol backed by ETH founder Vitalik Buterin, and its MEGA token will be used for staking and security, gas fees, and governance, and is one of the most hyped token launches in recent years.
MegaETH Public Sale Hit $50m Hard Cap in Minutes
While currently oversubscribed by around 5.5x, with over $275m poured into the MEGA public sale, its hard cap of $49.95m was hit within the first few minutes of going live. The MegaETH token sale is for 5% of the project’s total supply, which puts the FDV (fully diluted valuation) market cap at $999m.
Although the sale was capped at roughly $50m, the offering was more than three times oversubscribed at an FDV of more than $3 billion at the time of publication. According to its website, MegaETH set a maximum bid of $186,282 and a minimum of $2,650 per individual.
The sale is being conducted using Tether’s USDT stablecoin on the Ethereum
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mainnet. Buyers can lock in their allocations for 1 year to receive a 10% discount, according to an FAQ on the MegaETH website.
Only verified accredited US persons and verified non-US persons are considered as eligible participants, with only one wallet address permitted. Any of the first $49.95m committed that isn’t from verified investors will be refunded, with that allocation going to the next in line.
Today’s the big day: the MegaETH ICO is going live.
I posted that rather skeptical tweet last week talking about opportunity costs of the sale. As a result, the chad @NamikMuduroglu himself gave me a call and shared his perspective on the sale, especially the overall philosophy… pic.twitter.com/qcSq6tBoan
— Simon Dedic (@sjdedic) October 27, 2025
DISCOVER: Best Meme Coin ICOs to Invest in 2026
MEGA Tokenomics Deemed Bullish as Buybacks Have Already Begun
According to the MegaETH whitepaper, the MEGA token includes a team allocation of just 9.5%, with the protocol positioning the token as the economic engine for a pair of novel infrastructure features, including sequencer rotation and proximity markets.
In total, 70.3% of MEGA’s 10 billion supply is reserved across the team, ecosystem reserves, and staking rewards, and about 14.7% allocated to MegaETH’s venture capitalist investors.
Earlier this month, the Layer 2 blockchain project announced it had repurchased approximately 4.75% of its token supply from early investors, signalling the team’s commitment to the longevity of the MegaETH project.
MEGA will have to play its cards perfectly if it wants to stand out in a saturated Layer-2 space. CoinGecko shows the L2 sector has a combined market cap of over $17.2Bn, including multiple high-profile projects such as Linea
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, Polygon, Arbitrum, Optimism, and more.
Strong tokenomics and buybacks beginning before the token is even live are a good start for MegaETH, as is the early backing from Ethereum co-founders Vitalik Buterin and Joe Lubin. Both were listed among the angel investors during the $20m funding round back in 2024.
BONUS: Is Maxi Doge (MAXI) Actually the Best Presale to Buy Right Now?
While MegaETH is taking all of the headlines right now due to its institutional backing and nine-figure presale raise, Maxi Doge (MAXI) is quietly becoming the must-have memecoin as we head into 2025.
Having already raised $3.8m in its own presale, MAXI is quickly positioning itself as DOGE 2.0 or ‘Doge on steroids’, with investors marking it as the evolution of OG memecoins such as DOGE
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and SHIB.
Because where DOGE drifted into retail normie comfort, MAXI is bringing back the OG feel of a memecoin born in the depths of the internet, on places like 4chan and old-school Twitter.
Investors see MAXI as a low-cap gem, a perfect play for the risk-on FOMC environment likely to follow another 25bps rate cut on Wednesday.
The project is backed by a mega marketing treasury dedicating 40% of presale funds to building hype, with the possibility of those funds also being used for buybacks, according to rumors.
With staking yields of 80% APY and tokens still just $0.000265 for the next 24 hours, early entrants are locking in their shot at moonshot multiples before the next presale price hike.
Head to the Maxi Doge Token presale site and connect with Best Wallet, one of the best self-custodial crypto wallets on the market today. You can swap ETH, BNB, USDT, or USDC, or even buy directly with a bank card.
Stay connected by joining the growing community on X and Telegram.
Visit MAXI HereEXPLORE: 20+ Next Crypto to Explode in 2025
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