Survey: 26 on-chain linked addresses subscribed for approximately $5 million in the MEGA presale, 26 times the allowed quota.
On October 30th, CoinWorld reported that Bubblemaps, in its latest update to the "MEGA Presale Witching" investigation, indicated that a whale allegedly manipulated the MegaETH (MEGA) presale, investing $5 million through over 20 on-chain linked addresses. On February 9th, address 0x5D8 deposited 1 ETH into each of 159 new wallets via the Disperse protocol. Of these, 19 wallets participated in the MEGA presale, each subscribing to the maximum allocation of $186,000. On February 12th at 17:58 (UTC), wallet 0x5D8 received 0.02 ETH from 7 wallets, all of which had subscribed to the maximum allocation in the presale. These 7 wallets were all deposited by OKX (similar to 0x5D8). These 26 wallets subscribed to approximately $5 million in the MEGA presale, 26 times the allowed allocation. Bubblemaps stated that it hopes to work with the MegaETH team to find as many of these wallets as possible.