MEGAETH AUCTION HITS 6X DEMAND AS IMPLIED VALUATION NEARS $6B
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✍️ MegaETH's MEGA token auction reaches nearly $300 million in bids against a $50 million cap, implying a valuation close to $6 billion.
👉 The auction is oversubscribed 6x, with $296 million in bids submitted against a $50 million cap. 👉 The sale is open to verified accredited investors, both in the U.S. and internationally, who must bid in USDT on the Ethereum mainnet. 👉 Investors can elect to lock up their entire token allocation for one year in exchange for a 10% discount. 👉 Final allocations will be determined based on lockups, social, and onchain criteria.
-- #Ethereummainnet #technology
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