by: xpoolPosted on:

MegaETH ICO Over-subscribed: $360M Raised in Minutes

Ethereum Layer-2 network MegaETH witnessed an explosive response to its initial coin offering (ICO), raising a staggering $360.8 million within just five minutes of launch. This unprecedented oversubscription resulted in a hypothetical fully diluted valuation of $7.2 billion, although the official post-allocation FDV will be $999 million after final distribution calculations against the $49.95 million raise cap.

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