{"id":20825,"date":"2025-04-07T00:16:35","date_gmt":"2025-04-07T00:16:35","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=20825"},"modified":"2025-04-07T00:16:35","modified_gmt":"2025-04-07T00:16:35","slug":"conor-mcgregors-token-creators-to-refund-bidders-after-failed-launch","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=20825","title":{"rendered":"Conor McGregor\u2019s token creators to refund bidders after failed launch"},"content":{"rendered":"
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\"Conor<\/p>\n

Investors who bid on the REAL (REAL) token promoted by former UFC champion Conor McGregor will receive a full refund after the project failed to raise above its $1 million minimum requirement.<\/p>\n

\u201cWe need to be real. We didn\u2019t hit our minimum raise,\u201d the developers of the Real (REAL) token, Real World Gaming said in an April 6 X post, adding<\/a> that \u201cAll bids will be refunded in full.\u201d<\/p>\n

\u201cThis is not the end,\u201d RWG said.<\/p>\n

The team only managed to raise $392,315 in USDC (USDC<\/a>) over a 28-hour presale on April 5 and 6 \u2014 less than half of the minimum required and approximately 11% of the $3.6 million target, which was conducted via a sealed-bid auction.\u00a0<\/p>\n

The public sale of 60 million REAL tokens (3% of the total 2 billion REAL supply) initially targeted a fully diluted value of $120 million, with the sealed bid auction starting at $0.06 per token.<\/p>\n

\"Conor
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Details of the REAL token launch. Source: <\/em>RWG<\/em><\/a><\/p>\n<\/figcaption><\/figure>\n

Only 668 participants were involved, according to RWG\u2019s data.<\/p>\n

Related: <\/strong><\/em>Celeb tokens that burned bright, then burned out, in 2024<\/strong><\/em><\/a><\/p>\n

McGregor, a UFC fighter turned entrepreneur and Ireland political candidate, initially claimed that his token would be more legitimate than other celebrity-endorsed tokens, which have frequently resulted in rug pulls:<\/a><\/p>\n

\u201cThis isn’t some celebrity-endorsed bullshit token, it\u2019s a REAL game changer that will improve the crypto ecosystem as well as make REAL change in the world,\u201d McGregor said in a statement shared with Cointelegraph.<\/p>\n

\"Conor
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Source: <\/em>Conor McGregor<\/em><\/a><\/p>\n<\/figcaption><\/figure>\n

Was REAL launched at a bad time?<\/h2>\n

The REAL token launched in the middle of a sharp market downturn \u2014 with Bitcoin (BTC<\/a>) falling, while US stocks saw an estimated $6.6 trillion loss<\/a> on April 3 and 4 \u2014 the largest two-day loss ever as US President Donald Trump\u2019s tariff plans<\/a> continue to raise recession fears.<\/a><\/p>\n

Memecoins have also been cooling off since the launch of the Official Trump memecoin<\/a> on Jan. 18, 2025. The Libra (LIBRA) token scandal involving Argentine President Javier Milei<\/a> in late February also exacerbated the downward trend.<\/p>\n

The once-$100 billion memecoin market has now fallen below $44 billion and is down 13% over the last 24 hours, CoinGecko data<\/a> shows.<\/p>\n

Magazine: <\/strong><\/em>XRP win leaves Ripple a \u2018bad actor\u2019 with no crypto legal precedent set<\/strong><\/em><\/a><\/p>\n