Credits:
- The first day of trading in the MegaETH project token was characterized by high volatility.
- After starting trading at $0,38, MEGA’s price then fell 55% to $0,17.
Today is April 30 Block second level MegaETH, in which the co-founder was one of the first to invest Ethereum Vitalik Buterin, released his token MEGA distributed approximately 500 million tokens among those who purchased the crypto asset during the token sale in October 2025.
Trading started at a historic high of $0,38, data show. data CoinGecko, and after a drop of approximately 55%, its price corrected to $0,17.
CoinGecko Data
Despite the high volatility, those who purchased tokens during the public sale are still making a profit.
The MegaETH team sold tokens at $0,0999 per token, raising just under $50 million. The project also sold 500 million tokens as part of a $10 million funding round on the Echo platform at $0,02 per token.
Since October 2025, when a massive structural collapse of over $19 billion occurred, the cryptocurrency market has been in a volatile state. Investors have primarily seen consistent demand for established cryptocurrencies, primarily Bitcoin, and not new tokens.
MegaETH is a second-layer network based on Ethereum, which positions itself as the first “Block real-time processor capable of processing over 100,000 transactions per second.
For its development, the project attracted $30 million in venture capital, $28 million through the sale NFT and another $50 million from the token sale, raising a total of approximately $108 million.
Despite the huge amount of funding, MegaETH’s performance is not impressive. According to Defillama, after launching in February Block attracted only $314 million in deposits to the protocols DeFi, with the leading lender DAave accounting for 71% of the total volume of deposits.
Data Defillama
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