AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
MegaETH ICO Raises $50M in 5 Minutes, Oversubscribed by 5 Times
ByAinvest
Monday, Oct 27, 2025 1:13 pm ET1min read
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.
Ainvest News articles are AI-generated using advanced large language model (LLM) technology designed to analyze and synthesize publicly available data and news. While AI tools assist in producing initial drafts and insights, all AI generated content published on Ainvest is subject to comprehensive human editorial review before publication. A designated human editor reviews, verifies, and approves each article for factual accuracy, coherence, and compliance with AInvest Fintech Inc’s editorial and disclosure standards.
Despite these review procedures, the information provided may still contain inaccuracies, incomplete data, or time sensitive references due to the inherent limitations of AI generated analysis and evolving changes. The material is provided strictly for informational and educational purposes and does not constitute personalized investment, legal, or financial advice. Readers should independently verify all facts, figures, and statements before making any decision based on this content.
AInvest Fintech Inc. its affiliates, and partners accept no liability or responsibility for any direct or consequential losses arising from reliance on this content. All articles and analyses are subject to revision, update, or removal without prior notice to maintain accuracy and integrity in our publications.
Comments
No comments yet