Investors Flock to MegaETH’s $450M Token Sale as Ethereum Founders-Backed Project Smashes Target

MegaETH, an Ethereum layer-2 project, raised an impressive $450 million during its token sale, surpassing its target by nearly nine times within hours of launch. The auction saw participation from over 14,000 investors, with 819 wallets maxing out at $186,000 each. The project is backed by Ethereum founders Vitalik Buterin and Joe Lubin through their parent company MegaLabs, and aims to achieve 100,000 transactions per second with sub-millisecond latency. Analysts highlighted the strong investor appetite for fast blockchain solutions, while noting that such synchronized buying could lead to increased volatility. The final allocation of MEGA tokens will factor in community engagement and commitments as the auction closes in two days, with trading set to begin in January 2026. Recent market reactions suggest that while investor excitement is high, similar projects have experienced volatility post-launch, raising concerns about long-term sustainability in the crypto space.

Source 🔗