MegaETH Buys Back 4.75% Equity and Token Warrants 📊 @megaeth_labs has repurchased 4.75% of its equity and token warrants from pre-seed investors, an uncommon move ahead of its mainnet and token launch expected later this year. > Co-founder Shuyao Kong said the buyback followed requests from early investors closing their funds. > Since MegaETH doesn’t allow secondary trades, the team became the sole buyer. > The transaction was completed above the company’s prior $100M+ seed valuation, with approval from major stakeholders Dragonfly and Echo. > MegaETH said the pre-launch buyback aims to tighten ownership and maintain “aligned, long-term builders” rather than passive capital. > The team previously raised $10M via Echo and $13M from The Fluffle NFT sale, both at the same valuation. > A public token sale is planned through Cobie’s Sonar platform, with registration open from October 15 to 27, as the project prepares to go live on mainnet.