MegaETH ICO Raises $50M in 5 Minutes, Oversubscribed by 5 Times
ByAinvest
Monday, Oct 27, 2025 1:13 pm ET1min read
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MegaETH, an Ethereum-based layer-2 blockchain network, raised $50 million within five minutes of its ICO on Oct. 27. The sale is oversubscribed by 5 times and will remain open until Oct. 30. The network will decide allocations based on social, on-chain, and lockup election criteria. Investors include Ethereum co-founder Vitalik Buterin, ConsenSys founder Joseph Lubin, and EigenLayer founder Sreeram Kannan.
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