**[MegaETH Co-Founder Reflects on Reasons for Terminating Pre-Deposit Activity]** MegaETH co-founder Brother Bing stated that the team was dissatisfied with the execution of the pre-deposit activity, which exposed issues with insufficient preparation for alternative plans. The original intention of the activity was to allow community users to exchange USDm in advance, enabling interaction with on-chain applications when the mainnet launched. However, due to poor execution and incorrect market predictions (such as not setting individual account limits), fundraising progressed too quickly. Although the $500 million raised placed MegaETH among the top five public chains in terms of revenue, the team believes that under current circumstances, these funds create ecological pressure. A healthy ecosystem should grow gradually. MegaETH has announced the termination of the $1 billion cap plan, will refund all funds, and plans to reopen the USDC-to-USDm exchange bridge before the launch of the Frontier mainnet.