The MegaETH project has officially cancelled plans to increase its pre-deposit cap following significant technical failures and operational friction. The campaign for the USDm stablecoin initially saw overwhelming demand, with the first $250 million deposit cap filling in just 156 seconds after the website went live. In response to this surge, the team attempted to raise the cap (initially targeting $500 million, with discussions of up to $1 billion), but the expansion was stalled by operational oversights. Specifically, signers for the Safe multisig wallet were unavailable to approve the cap increase immediately. This delay, combined with other technical failures regarding USDm, led the team to abandon the expansion plans entirely. Critics have argued the campaign favored mercenary yield farmers over genuine ecosystem participants. The project has stated it will allow user withdrawals and intends to publish a comprehensive retrospective on the incident. [Update 1] Added details regarding the initial $250M cap filling in 156 seconds and the specific multisig signer unavailability that caused the critical delays prior to the cancellation.