Token sales for privacy protocol zkPass, decentralized exchange Momentum, and Ethereum layer-2 network MegaETH have drawn overwhelming demand this week, with retail investors rushing to gain exposure to the next wave of crypto innovations.
zkPass kicked off its sale of ZKP utility tokens on Monday, hitting its $2 million target within minutes. Although the sale still has three days remaining, it has already attracted more than $67 million in allocation requests.
The project describes itself as a decentralized oracle protocol that converts private, website-held user data into verifiable on-chain proofs for Web3 applications—without ever revealing the underlying information.
The ZKP token serves as a utility asset within the zkPass ecosystem, enabling settlements, verification processes, and participation in protocol activities.
Meanwhile, MegaETH’s token auction concluded with an astounding $1.3 billion in commitments. The MEGA token sale, which opened Monday and closed Thursday, was reportedly “sold out” within minutes and ended 27.8 times oversubscribed.
The offering represented 5% of the total 10 billion token supply, with a funding cap set just below $50 million. Following the close of the auction, a “special allocation mechanism” will determine individual user allocations, according to the project’s FAQ.
MegaETH will factor in users’ past engagement with the MegaETH and Ethereum communities, as well as whether they opted for a token lock-up, when determining final MEGA token allocations. According to the project’s white paper, the token is scheduled to launch in January 2026 and will be tradeable on both centralized and decentralized exchanges operating on the MegaETH network.
Meanwhile, Momentum, a decentralized exchange built on the Sui blockchain, saw its MMT token sale sell out in under an hour after launching on Monday. The offering ultimately raised over $82 million, exceeding its initial $4.5 million target by 1,739%.
The MMT token has a total supply of 1 billion and functions as both a governance and utility token, granting holders access, participation rights, and incentives within the Momentum ecosystem.
