PANews reported on October 22 that MegaETH, an Ethereum scaling solution developed by MegaLabs, announced on platform X that it will launch a public sale on the Sonar platform under Echo, with an initial Fully Diluted Valuation (FDV) of $1 million and a valuation cap set at $999 million. Users can bid through an English auction, with the highest bid reaching up to $186,282. If subscriptions exceed the amount, priority will be given to existing MegaETH community members, as well as investors who demonstrate long-term consistency through social activities, on-chain behavior, and locked preferences. The dual-peak distribution process ensures that tokens are widely distributed while also prioritizing key contributors. Core supporters of MegaETH will receive priority allocation, and at least 5,000 participants will receive a base allocation with a starting price of $2,650. 5% of the total MEGA tokens will be sold on October 27. The registration process for participation eligibility is now open.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Ether.fi pledges 3 billion ETH into ETHGas, starting in the Ethereum futures market
Ethereum liquidity re-staking protocol Ether.fi will provide ETH with a value of $3.0 billion to ETHGas within three years as “validator liquidity.” This commitment will support the Ethereum block space futures market, and deliver benefits to validators and stakers by increasing MEV revenue. ETHGas allows users to buy and sell Ethereum block space in advance, ensuring transaction execution, and forecasting gas costs—promoting predictability and stability across the Ethereum ecosystem.
MarketWhisper36m ago
Bitmine is promoted to the NYSE main board! Tom Lee: US stocks may be at a bottom, and selling pressure on Ether could ease
Bitmine officially transferred from the NYSE American market to the main board, marking a significant milestone for the company. Despite a sharp drop in its share price, it still increased the share repurchase program to $4 billion. The company holds a large amount of Ether, and expects that a rebound in the crypto market will help improve its assets and share price performance.
CryptoCity1h ago
Whale Closes Major BTC and ETH Long Positions, Realizes $48.19M Profit
Gate News message, three wallets belonging to a single CEX entity fully closed 1,150 BTC and 95,000 ETH long positions, realizing a profit of $48.19 million. The whale currently holds a 25,000 ETH long position with 20x leverage in one wallet, with a floating profit of $8.1 million.
GateNews1h ago
ETH 15-minute up 0.66%: On-chain large transfers in sync drove a net inflow of funds, boosting spot buying pressure
2026-04-15 00:00 to 00:15 (UTC), ETH shows a local anomaly. The 15-minute return rate is +0.66%. The trading price range is 2321.93–2343.2 USDT, with a range of 0.92%. During this period, market attention increased, volatility slightly intensified, buy pressure in the order book shifted upward in the short term, and quickly pushed spot prices up into a key resistance area.
The main drivers of this anomaly are large on-chain transfers and inflows of capital in combination. At the beginning of the window, multiple large ETH transfers appeared, including 8,676 ETH and 6,551 ETH, respectively, transferring from a large source to the
GateNews1h ago
Ether.fi Commits $3B in ETH as Validator Liquidity to ETHGas Over Three Years
Ether.fi will provide $3 billion in ETH for validator liquidity to ETHGas, enhancing validator earnings and improving transaction predictability. The initiative supports Ethereum's role in global capital settlement and has garnered investor backing.
GateNews1h ago
