Retail Investors Flood MetaETH With $1.3 Billion

TLDR

• MetaETH’s token auction closed with over $1.3 billion in commitments, making it 27.8 times oversubscribed against its $50 million target.
• The three token sales combined attracted approximately $1.4 billion from retail investors seeking exposure to emerging blockchain projects.
• zkPass launched its ZKP token sale on Monday and received over $67 million in allocation requests, surpassing its $2 million target.
• MetaETH’s MEGA token sold out within minutes of its opening on Monday and will be launched for trading in January 2026.
• Momentum’s MMT token sale on the Sui blockchain raised over $82 million in under one hour, exceeding its target by 1,739%.

Three crypto projects attracted overwhelming demand this week as retail investors committed over $1.4 billion across multiple token offerings. MetaETH, zkPass, and Momentum each exceeded their fundraising targets within minutes of launch. The sales demonstrated strong appetite for new blockchain ventures despite volatile market conditions.

MetaETH Auction Draws $1.3 Billion in Commitments

MetaETH closed its initial coin offering on Thursday, having received extraordinary demand from investors. The auction attracted over $1.3 billion in commitments, making it 27.8 times oversubscribed. The project had set a raise cap of just under $50 million for 5% of its total token supply.

The MEGA token sale opened on Monday and reportedly sold out within minutes of launch. MetaETH operates as an Ethereum layer-2 network designed to enhance blockchain scalability. The project allocated 500 million tokens out of a total 10 billion supply for the public sale.

A special allocation mechanism will determine how tokens are distributed among participants. The system takes into account past engagement in MetaETH and Ethereum communities when making decisions. Users who selected lock-up periods will receive preferential treatment in the allocation process.

The MEGA token is scheduled to launch in January 2026 according to MetaETH’s white paper. Trading will begin on both centralized and decentralized exchanges operating on the MetaETH network. The MetaETH platform aims to provide faster transaction speeds compared to traditional Ethereum infrastructure.

zkPass Protocol Raises $67 Million Against $2 Million Target

The zkPass token sale launched on Monday and immediately surpassed its $2 million fundraising goal. The offering has now attracted over $67 million in allocation requests with three days remaining. The ZKP utility token provides access to zkPass protocol services and governance functions.

zkPass operates as a decentralized oracle protocol that processes private data from websites. The system transforms sensitive information into verifiable proofs for blockchain and Web3 applications. The technology ensures underlying raw data remains protected throughout the verification process.

The ZKP token enables settlements within the zkPass ecosystem and supports verification activities. Token holders can participate in protocol governance and access various platform features. The protocol targets users seeking privacy-preserving data verification solutions across Web3 platforms.

Momentum DEX Exceeds Target by 1,739 Percent

Momentum launched its MMT token sale on Monday and sold out in under one hour. The decentralized exchange built on Sui blockchain raised over $82 million from participating users. The final amount represented 1,739% of the initial $4.5 million target set by developers.

The MMT token serves dual purposes as both a governance and utility token for the platform. Momentum allocated tokens from a total supply of 1 billion units for the public sale. Token holders gain access to ecosystem incentives and decision-making powers within the decentralized exchange.

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