PANews reported on October 22nd that MegaETH, the Ethereum scaling solution developed by MegaLabs, announced on the X platform that it will launch a public sale on Echo's Sonar platform. The sale will start at a fully diluted valuation (FDV) of $1 million and will be capped at $999 million. Users will bid via an English auction, with bids reaching up to $186,282. If oversubscribed, priority will be given to existing MegaETH community members and investors who have demonstrated long-term consistency through social activity, on-chain behavior, and lock-up preferences. A bimodal allocation process ensures broad distribution while prioritizing key contributors. MegaETH's core supporters will receive priority allocations, while at least 5,000 participants will receive a base allocation starting at $2,650. Five percent of the total MEGA token supply will be sold on October 27th. Registration is now open for participation.