Overview
- The three-day sale hit its $50 million cap within minutes and settled at a $0.0999 clearing price, with coverage citing more than $1.3 billion in total commitments.
- The team says bids below the clearing price will be refunded, with final allocation details expected by November 5 before refund processing begins.
- MegaETH used a capped English-style auction with a bimodal allocation model that guarantees baseline allocations to at least 5,000 participants and favors proven contributors.
- Participation data vary across reports, with CoinDesk citing Arkham figures of 14,491 investors and 819 wallets committing the maximum per-address amount of about $186,000.
- Backed via MegaLabs by Ethereum co-founders Vitalik Buterin and Joe Lubin, the project plans an ERC‑20 MEGA token with trading targeted for January 2026.