My first thought when the MegaETH raise came out was simple: “No-brainer. I’m aping in max allocation with as many accounts as possible.” However, the more I think about it, the less attractive it actually seems for someone like me who isn’t part of the inner MegaETH circles. I’m pretty sure this is going to be one of the most oversubscribed ICOs of the cycle, wouldn’t be surprised to see $2–3B in total commitments for a $50M raise. Even if it were distributed pro rata, you’d probably only get around 2% of your committed capital allocated. And that’s before accounting for priority access to core community members, top yappers, builders, etc. (which is totally fair, by the way). But realistically, that means most people might end up with 1% or even less of their committed capital. At that point, the return just doesn’t justify the opportunity cost. Locking up capital for 3–4 weeks while they process allocations isn’t exactly ideal. If you commit $186K and end up with 1%, that’s under $2K. Even if $MEGA does a 10x, which is a fair bull case imo, that’s $20K. Honestly, I can probably make more (and with less stress) just putting that same $186K to work over the next few weeks. Pretty sad realization, since I’m a huge MegaETH fan and was genuinely looking forward to this one. But as much as it hurts, it’s probably a pass for me this time. Fingers crossed for some good entries at TGE, though I’m not holding my breath.