MegaETH, developed by MegaLabs, raised $450 million in an oversubscribed token sale on October 29, 2025, backed by Ethereum founders Vitalik Buterin and Joe Lubin.
The sale signifies heightened interest in Ethereum scaling, though founders’ silence leaves future implications and immediate market responses uncertain.
MegaETH Surpasses $50M Cap with $450M Raised
The MegaETH token sale, developed by MegaLabs, attracted $450M despite a $50M cap, showing immense market demand. MegaLabs, linked to Ethereum founders Vitalik Buterin and Joe Lubin, has not released personal statements or detailed executive team information.
MegaETH launched with a focus on the Ethereum Layer 2 scaling space, attracting over 5,000 participants and leading to a hypothetical valuation of $7.2 billion. U.S. investors face a one-year lock-up, highlighting compliance awareness. No direct endorsements have been publicized.
Excessive Demand Leaves Major Cryptos Unaffected
The overwhelming demand propelled MegaETH’s valuation, yet neither ETH nor other major cryptocurrencies have seen immediate changes. Regulatory bodies have not commented on the sale, with no reported institutional responses to date.
Market data reveals a lack of on-chain impacts from the MegaETH sale, though earlier ICO scrutiny prompts caution. The sizable retail and institutional interest implies either investor optimism or speculative behavior, with regulatory implications still unclear.
MegaETH Token Sale Echoes 2014 Ethereum ICO
Similar past events include Ethereum’s 2014 ICO, raising $18M. MegaETH’s sale dwarfs this in scale, echoing previous ICO booms but with increased compliance focus. Layer 2 tokens like Polygon experienced short-term volatility post-sale. Experts highlight compliance mechanisms as key to MegaETH’s structured launch, contrasting with past regulatory challenges. Market analysts suggest the sale may prompt increased Ethereum activity if MegaETH delivers on strategic goals.
The synchronized buying spree could signal FOMO rather than deep technological conviction, raising concerns about potential reversals if the project fails to meet expectations. – Brian Q, Analyst, Santiment
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