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The ICO conducted via Sonar will mark the chain’s third community-focused raise. Upcoming Ethereum Layer 2 network MegaETH unveiled the terms for its third community-led raise today, coinciding with the launch of MEGA pre-market perpetuals on Hyperliquid.The raise will begin at an initial valuation of $1 million, with participants bidding on the valuation via an English auction capped at $999 million. If the raise is oversubscribed, which it is expected to be, the team will prioritize allocations to the “existing MegaETH community alongside those who illustrate long-term alignment through social activity, onchain behavior and lockup preferences.”The initial coin offering (ICO)…