{"id":411851,"date":"2025-11-21T04:14:50","date_gmt":"2025-11-20T22:44:50","guid":{"rendered":"https:\/\/dripp.zone\/news\/megaeth-announces-250-million-pre-deposit-campaign-crypto-news\/"},"modified":"2025-11-21T04:33:21","modified_gmt":"2025-11-20T23:03:21","slug":"megaeth-announces-250-million-pre-deposit-campaign-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/megaeth-announces-250-million-pre-deposit-campaign-crypto-news\/","title":{"rendered":"MegaETH Announces $250 Million Pre-Deposit Campaign &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<p>The limited-access deposit bridge will open on November 25.<\/p>\n<div>\n<p>Highly anticipated Ethereum Layer 2 network <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/news\/blockchains\/megaeth-ico-allocations-leave-community-split\" target=\"__blank\" rel=\"noopener noreferrer \">MegaETH<\/a> is set to finalize its ICO allocations tomorrow, and on Nov. 25, the chain will open a pre-deposit bridge for all users who registered for the <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/news\/blockchains\/megaeth-ico-crosses-usd1-billion-in-commitments\" target=\"__blank\" rel=\"noopener noreferrer \">ICO via Sonar<\/a>.<\/p>\n<p>While not confirmed, users are speculating that depositors will earn points towards the upcoming MegaETH rewards campaign, which will distribute an additional 2.5% of the MEGA supply to early users. According to the <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/predeposit.megaeth.com\/\" target=\"__blank\" rel=\"noopener noreferrer \">website<\/a>, \u201cPre-depositors will get consideration towards the Rewards Campaign.\u201d<\/p>\n<p>MegaETH\u2019s ICO made waves when it attracted $1.4 billion in commitments last month, competing for a $50 million allocation at a $999 million market capitalization.<\/p>\n<p>There is no deposit limit per wallet, so the pre-deposit bridge cap is likely to fill quickly.<\/p>\n<p>USDC deposits will be used to mint the MegaETH native stablecoin, USDm, and, from then on, depositors will be able to use USDm \u201cwithout restrictions or conditions\u201d. USDm is built in <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/ethena_labs\/status\/1991519539822227945\" target=\"__blank\" rel=\"noopener noreferrer \">collaboration<\/a> with Ethena.<\/p>\n<p>While the broader crypto market has struggled, MEGA&#8217;s pre-market valuation has fallen roughly 30% to $3.7 billion on <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/app.hyperliquid.xyz\/trade\/MEGA\" target=\"__blank\" rel=\"noopener noreferrer \">Hyperliquid<\/a>. The derivative reached as high as $5.3 billion at the beginning of the month.<\/p>\n<figure><figcaption class=\"text-center text-xs\">MEGA Pre-market &#8211; Hyperliquid<\/figcaption><\/figure>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The limited-access deposit bridge will open on November 25. Highly anticipated Ethereum Layer 2 network MegaETH is set to finalize its ICO allocations tomorrow, and on Nov. 25, the chain will open a pre-deposit bridge for all users who registered for the ICO via Sonar. While not confirmed, users are speculating that depositors will earn [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":411852,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-411851","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/411851","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=411851"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/411851\/revisions"}],"predecessor-version":[{"id":411853,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/411851\/revisions\/411853"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/411852"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=411851"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=411851"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=411851"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}