MegaETH ICO: $1,39 млрд в привлеченных средствах и рекордная переподписка Translation: MegaETH ICO: $1.39 billion in raised funds and record over-subscription

On October 30, the ICO for the second-level solution MegaETH concluded. The project raised a total of $1.39 billion during the token sale, with demand exceeding 27 times the available supply.

MegaETH allowed participants to place bids even after the token reached its peak clearing price of $0.0999.

The minimum bid was set at $2,650, while the maximum could go as high as $186,282 per user. According to the website, over 50,000 participants submitted bids.

The project’s team announced that they would start the automatic refund process for ICO participants whose bids were made at a rate lower than $0.0999.

Users who entered at the maximum price points will be considered for allocation. MegaETH is planning to review the bids until November 5.

The total betting volume on Polymarket regarding the token sale results has nearly reached $60 million. At the time of writing, 99% of participants believe that the total amount raised will exceed $1 billion.

It’s worth noting that in March, the developers of MegaETH launched a public testnet, claiming a throughput of 20,000 TPS (transactions per second).