MegaETH unveils public sale details as traders price the token at a $5B FDV on Hyperliquid
Key Takeaways
- MegaETH’s community sale starts at a $1M FDV and uses a transparent English auction format.
- Hyperliquid’s MEGA pre-launch futures trade at a $5B implied valuation ahead of the token’s debut.
MegaETH has unveiled details of its public auction, offering 5% of its token supply through an English auction on Sonar by Echo. The auction starts at a $1 million fully diluted valuation (FDV) and is capped at $999 million.
Running from October 27 to 30, the auction allows bids between $2,650 and $186,282 in USDT. Participants can choose a one-year lockup for a 10% discount, mandatory for accredited U.S. investors and optional for others.
Described as the “first real-time blockchain,” MegaETH aims to build scalable infrastructure on Ethereum. A previous Echo auction co-hosted by Cobie drew over 3,000 investors, including Dragonfly, Joseph Lubin, and Vitalik Buterin.
Hyperliquid has also listed MEGA-USD perpetual futures ahead of the auction, trading near a $5 billion FDV, signaling strong anticipation for MegaETH’s upcoming mainnet launch.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Charles Schwab Opens Bitcoin and Ether Trading to All Eligible Clients
Hedge fund returns have "evaporated by half" this year, with losses especially severe in recent weeks. Goldman Sachs partner: Wait for "junk-rated" assets to stop falling.
The underlying junk-rated assets in the AI capital structure are still under pressure. Until the decline in junk-rated AI assets represented by CoreWeave ceases, any rebound in AI stocks is merely a position adjustment rather than a fundamental revaluation.
SUI drops 10% in a week as analysts warn of $0.929 support risk
Ripple engineering head hails Claude AI’s breakthrough on NIST cryptography origins
Crypto prices
More
