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Crypto Crowds Rush to zkPass, MegaETH, and Momentum Token Sales Amid Market Revival
Crypto Token Sales Boom – The crypto market is buzzing again as three major token sales — zkPass, MegaETH, and Momentum — shattered expectations this week, drawing in billions of dollars in commitments from eager investors. The overwhelming demand highlights a renewed retail appetite for emerging blockchain projects despite broader market uncertainty.
zkPass Token Sale Surpasses $67 Million in Requests
Privacy-focused protocol zkPass kicked off its sale of ZKP tokens on Monday, quickly surpassing its $2 million target within minutes. Although the sale still has three days remaining, allocation requests have already exceeded $67 million, signaling intense investor enthusiasm.
zkPass describes itself as a decentralized oracle protocol that enables users to transform private web data into verifiable proofs onchain or within Web3 applications — all without revealing sensitive information. The ZKP token serves multiple functions within the ecosystem, including settlements, verification, and governance participation.
MegaETH Draws $1.3 Billion in Token Auction
Meanwhile, Ethereum Layer-2 network MegaETH made headlines with its MEGA token auction, which sold out within minutes of opening. By Thursday, the sale was 27.8 times oversubscribed, with over $1.3 billion committed by participants.
The auction offered 5% of the total 10 billion token supply, with a raise cap of just under $50 million. Allocation will be determined through a “special allocation mechanism” that considers community engagement, lock-up preferences, and prior involvement in the MegaETH and Ethereum ecosystems.
According to the project’s whitepaper, MEGA tokens are scheduled to launch in January 2026, with listings planned for both centralized and decentralized exchanges.
Momentum Raises $82 Million — 1,739% Over Target
On the Sui blockchain, decentralized exchange Momentum also saw record-breaking demand during its MMT token sale. The sale sold out in under an hour, raising $82 million, an astonishing 1,739% above its initial $4.5 million target.
The MMT token, with a total supply of 1 billion, functions as both a governance and utility token, granting holders access, incentives, and decision-making power within the Momentum ecosystem.
Investor Frenzy Signals Renewed Crypto Enthusiasm
The oversubscription of all three token sales underscores growing investor confidence in next-generation crypto projects, particularly those integrating Layer-2 scalability, privacy, and decentralized trading innovations. As the market regains momentum, these record-breaking sales may mark a turning point for retail participation in 2025’s Web3 resurgence.
