MegaETH To Go Public: Cobie’s Sonar to Host the Project’s First ICO

MegaETH has officially kicked off the registration period for its upcoming public Initial Coin Offering (ICO), hosted on Sonar, the token launch platform founded by crypto veteran Jordan Fish, widely known as Cobie.

The registration window opened on October 15 and runs through October 27, 2025, giving participants nearly two weeks to complete verification and secure eligibility.

The initiative signals MegaETH’s next step after a year marked by NFT funding rounds and growing developer traction, positioning the project for broader participation in the crypto economy.

MegaETH ICO: registration and global participation rules

According to details shared through a leaked Sonar page circulated on X, anyone who passes identity verification on the platform can sign up, except MegaETH employees and users from restricted jurisdictions.

These include countries such as China, Russia, and Afghanistan, among others. U.S. residents will have to meet extra accreditation criteria, and verification may extend beyond the October 27 deadline to accommodate processing delays.

The process is seen as a way to maintain transparency and regulatory compliance while keeping access relatively open to qualified investors.

The use of Cobie’s Sonar, which gained recognition earlier this year after hosting Plasma’s $50 million token sale, shows MegaETH’s alignment with a platform trusted for secure, fair, and verifiable token offerings.

Auction format, lockup incentives, and allocation details

Contributions for the ICO will be made using USDT on the Ethereum mainnet, with an English auction format likely determining final pricing. Participants who commit to a one-year lockup will receive a 10% discount on the token price, a lockup that’s mandatory for all U.S.-based investors.

If the sale becomes oversubscribed, allocation will depend on a mix of factors including wallet activity, GitHub engagement, and even social media presence. Registration itself doesn’t ensure a guaranteed allocation, but it signals intent to participate once the offering goes live.

MegaETH hasn’t yet released full tokenomics or sale targets. However, full sale details are expected to be published across Sonar’s site and social channels in the coming days.

Meanwhile, MegaETH has also revealed its first real time blockchain with a motto “Built for you. Owned by you.”

Community reaction

So far, the MegaETH ICO has ignited a firestorm of excitement across X, with users hailing it as a "community-first" milestone and a potential revival of the ICO era, now with better guardrails like transparent auctions and compliance-focused KYC.  

Influencers like @KookCapitalLLC called it "amazing" and "so so bullish," contrasting it with "scam orgs" like Polymarket that lock out true owners, while @basitWeb3 dubbed it "probably the biggest thing you’ll see on the tl."  

On the other hand, some have expressed mild disappointment over restricted jurisdictions (e.g., China, Russia, UK) and mandatory U.S. lockups sidelining supporters, but overall sentiment skews heavily positive.

Fluffle 2.0 speculation

Amid the hype, chatter around Fluffle 2.0, the anticipated follow-up to MegaETH's soulbound NFT series, has turned speculative and bittersweet.

Original Fluffle holders (5,000 SBTs from the 2024 mint that raised ~$19M) are vocal about perks like the rumored 5% collective allocation of $MEGA token supply, but many fear the ICO pivot means no Phase 2 drop.

Posts from the community show the mix of FOMO and frustration, with one holder @catqpx vowing not to touch their Fluffle until MegaETH hits Solana-level FDVs (a nod to 225x potential).

Community creators, including @fimmonaci 's Pixar-style video shoutout to Fluffle in the ICO context, push for broader access

Other Related Read/Listens

• MegaETH Developer Unveils Flagship NFT Collection
• MegaETH Explained: Ethereum's Last Chance to Beat Solana? With BreadGuy
• MegaETH Drops USDm: A Stablecoin That Could Change How Blockchains Pay Their Bills