MegaETH Raises $450 Million in Oversubscribed Token Sale, Driven by Ethereum Founding Figures

MegaETH, a project developed by MegaLabs, secured a staggering $450 million in an oversubscribed token sale on October 29, 2025. The funding was bolstered by Ethereum founders Vitalik Buterin and Joe Lubin, who are heavily involved with the project. This significant raise indicates strong interest in Ethereum scaling solutions, although the long-term implications remain unclear.