BlockBeats News, November 25th, MegaETH announced in a post that the $250 million cap was filled in 156 seconds. It was decided to raise the cap to $1 billion so that users could receive USDm on the first day.
The bridging will reopen at 11:00 AM EST. The goal of this event is to distribute USDm to a more diverse set of users. This will not affect previous participants. All MegaETH contracts remain secure and have been audited by Zellic and Slowmist.
