MegaETH Breaks Records: Over-subscribed Auction Generates $1.39 Billion in Funding

MegaETH’s token auction, a global phenomenon exceeding its capped amount by 27.8 times, has generated a record $1.39 billion in bids. This event sparked rapid growth from its modest initial price and quickly became one of the most oversubscribed sales in decentralized fundraising history. 50 countries were represented in this sale, with some investors putting in hundreds of thousands of dollars each.