MegaETH Deposit Failure, Refunds, and MEGA Outlook

Pre-Deposit Breakdown and Technical Failures

MegaETH is a high-performance Layer 2 blockchain platform built on Ethereum.

A pre-deposit window opened on November 25, with a $250 mn target cap.

However, the process ran into a series of technical glitches, including KYC verification issues and smart contract errors.

According to experts, the failures began at launch, when transactions could not be processed due to an incorrect SaleUUID.

The platform raised $500 mn worth of deposits, which the project team decided to refund in full.

Roadmap: Frontier Mainnet Beta to MEGA Token

The project’s current roadmap features the launch of the Frontier Mainnet Beta scheduled for next week, followed by the full rollout of Mainnet as well as the launch of the native MEGA token during 2026.

MEGAUSDT Price Action and Key Support Levels

MEGAUSDT trades on BitMart, currently at 0.2372 USDT, stuck in a downtrend with support in the 0.15-0.1525 USDT range.