MegaETH has announced the launch of its long-awaited public sale, giving retail participants direct access to 5% of its $MEGA token supply through an English auction on Echo’s Sonar platform. The event will begin on October 27 at 1 p.m. UTC, with registration open until the final day of the sale.
The sale starts at a $1 million fully diluted valuation (FDV) and caps at $999 million, with bids ranging from $2,650 to $186,282 per participant. According to MegaETH, the goal is to “price the network by its users”, prioritizing early community members and long-term participants over pure capital inflows.
This second round follows last year’s record-breaking sale hosted by Cobie’s Echo, which attracted more than 3,000 participants, including industry figures such as Vitalik Buterin and Dragonfly Capital.
The new auction repeats that model with a more decentralized allocation process designed to widen distribution while keeping a community-first structure.
The token $MEGA sale marks a step toward broader governance as MegaETH advances its real-time scalability efforts.
Linking Token Sale to Stablecoin-Fueled Network
MegaETH recently introduced USDm, a native stablecoin built in partnership with Ethena, designed to reduce transaction fees and fund network operations through yield rather than user margins.
By combining community-led funding with a stablecoin-driven economic layer, MegaETH aims to test whether decentralized networks can remain user-owned while still achieving sustainable profitability. The sale, launching shortly after USDm’s rollout, links token distribution to MegaETH’s updated fee model, which replaces variable gas costs with stable, yield-backed funding.
If turnout matches last year’s frenzy, MegaETH could test whether a blockchain can fund itself through user bids and stablecoin yield, blurring the line between decentralization and corporate finance.