MegaETH, the Ethereum layer-2 project behind the MEGA token, raised about $50 million in a public token sale that sold out in minutes and was oversubscribed by roughly 3x, implying demand far above the available allocation. The sale was priced near a $999 million to $1 billion fully diluted valuation, and reports said it accepted USDT on Ethereum mainnet with participation limited to verified accredited U.S. investors and verified non-U.S. buyers.

AI-generated background, compiled from web sources — not editorial content.

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