Data: Retail investors invested $1.4 billion this week in the "oversubscribed" MetaETH, zkPass, and Momentum ICO projects.

[Data: Retail investors invested $1.4 billion this week in the “oversubscribed” ICO projects MetaETH, zkPass, and Momentum] The token sales of the privacy protocol zkPass, the decentralized exchange Momentum, and the Ethereum Layer 2 network MegaETH all saw serious oversubscription this week, with retail investors scrambling to participate in these emerging encryption projects. The zkPass protocol launched the sale of its utility Token ZKP on Monday, exceeding the fundraising target of $2 million within minutes. Although the sale activity still has three days to end, over $67 million in subscription applications have already been received. The initial coin offering (ICO) for MegaETH's MEGA Token was launched on Monday and declared “sold out” within just a few minutes; by the end of the auction on Thursday, the oversubscription multiple for this token sale reached 27.8 times, with committed subscription amounts exceeding $1.3 billion. At the same time, the DEX Momentum built on the Sui blockchain launched the sale of its Token MMT on Monday, selling out in less than an hour. After the token sale ended, the project raised over $82 million from users, exceeding the initial target of $4.5 million by 1739%. The total supply of this Token is 1 billion pieces, featuring governance and functional attributes, which can be used to gain access and enjoy incentive mechanisms within the ecosystem.