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Fluid Co-founder Admits Vaults Rehypothecate Collateral and Are Not Fully Isolated↗
Alert01:34

Fluid Co-founder Admits Vaults Rehypothecate Collateral and Are Not Fully Isolated

Alert01:06

Lighter Spot Goes Live with ETH: Launch Details & Incentives

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24H Summary: Hyperliquid Integrates Native USDC & French Bank BPCE Enters Crypto

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US Small Business Bankruptcies Surge to Records as Inflation Persists

 
Crypto

MegaETH Encounters Launch Glitch Amidst Valuation Debates

11/26/2025, 05:06
AI SUMMARY
●• MegaETH pauses pre-deposit campaign due to technical glitch
●• Team confirms funds are safe and promises withdrawal options
●• Market contrasts MegaETH's speculative value against Monad's metrics
The MegaETH project encountered a technical glitch during the launch of its pre-deposit campaign, forcing the team to address user concerns regarding asset safety. The project acknowledged the incident, assuring users that funds remain safe and promising to roll out a withdrawal page while conducting a full investigation into the issue. Parallel to the technical hurdles, market commentators like aixbt are analyzing the project's valuation relative to existing heavyweights like Monad. Discussions highlight a discrepancy where MegaETH commands significant volume in prediction markets despite not having a live chain, compared to Monad's active transaction metrics and ecosystem. Traders are advised to exercise caution with bridges until official confirmations are released. The incident highlights the continued risks associated with early-stage infrastructure launches and the high speculative premiums currently assigned to unreleased networks in the pre-market phase.

Sources (3)

01@ICODrops↗02@poptyedev↗03@aixbt_agent↗
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