{"id":20903,"date":"2025-04-07T12:02:20","date_gmt":"2025-04-07T12:02:20","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=20903"},"modified":"2025-04-07T12:02:20","modified_gmt":"2025-04-07T12:02:20","slug":"conor-mcgregors-memecoin-taps-out-failed-launch-sparks-refund-pledge","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=20903","title":{"rendered":"Conor McGregor\u2019s Memecoin Taps Out\u2014Failed Launch Sparks Refund Pledge"},"content":{"rendered":"
\n

UFC fighter Conor McGregor\u2019s foray into cryptocurrency<\/a> hit a roadblock this weekend. His \u201cREAL\u201d token failed to launch after raising only $392,315 from 668 bidders during its 28-hour presale. The amount fell far short of the $1,008,000 minimum requirement needed to proceed with the launch.<\/p>\n

Market Downturn Blamed For Poor Reception<\/strong><\/h2>\n

Real World Gaming DAO (RWG), the developer behind the token, pointed to \u201cchallenging macroeconomic conditions\u201d as a key factor in the failed launch<\/a>. The timing couldn\u2019t have been worse for McGregor\u2019s crypto venture.<\/p>\n

Bitcoin dropped<\/a> below $75,000 while U.S. stocks suffered an estimated $6.6 trillion loss on April 3 and 4 \u2014 reportedly the largest two-day loss ever \u2014 as US President Donald Trump\u2019s tariff plans stirred recession fears.<\/p>\n

\u201cAll bids will be refunded in full,\u201d RWG announced on X after the auction closed. McGregor shared the announcement with his followers, stating: \u201cLadies and gentlemen, this is REAL!\u201d<\/p>\n

\n

We need to be real.
\nWe didn\u2019t hit our minimum raise.
\nAll bids will be refunded in full.
\nThis is not the end.<\/p>\n

\u2014 Real World Gaming (@getrealtoken) April 6, 2025<\/a><\/p>\n<\/blockquote>\n

Refunds Processed Through Ethereum Blockchain<\/strong><\/h2>\n

According to on-chain data, all refunds were processed promptly. A \u201cSettle\u201d batch transaction was deployed to the rwg.eth address at block 22212460 around 3:50 PM Eastern time on Sunday. All refunds were distributed using USDC over the Ethereum network, ensuring participants received their money back.<\/p>\n

<\/p>\n

The token used a sealed-bid auction mechanism through Axis Finance. This approach was designed to increase fairness by allowing participants to place private bids at their preferred price points. Despite RWG claiming this method \u201cset a new benchmark\u201d for \u201cfairness and transparency in token launches,\u201d the system failed to establish a clearing price due to insufficient funding.<\/p>\n

Celebrity Tokens Losing Appeal Amid Broader Crypto Slump<\/strong><\/p>\n

The failed launch signals weakening investor interest in celebrity-backed tokens. Conor McGregor had insisted the token wasn\u2019t \u201csome celebrity-endorsed token\u201d but rather \u201ca REAL game changer that will improve the crypto ecosystem.\u201d His words apparently failed to convince enough investors.<\/p>\n

\n

Ladies and gentlemen, this is REAL! https:\/\/t.co\/uhBgjAHotX<\/a><\/p>\n

\u2014 Conor McGregor (@TheNotoriousMMA) April 6, 2025<\/a><\/p>\n<\/blockquote>\n

Data<\/a> from CoinMarketCap shows the broader memecoin market has dropped by 10.9%, reducing its total value to $44.5 billion from over $100 billion at the beginning of 2025. This decline follows controversial launches of political meme coins, including an official Trump meme coin in January and Argentine President Javier Milei\u2019s token in February, which reportedly resulted in fraud charges and investor lawsuits.<\/p>\n

McGregor\u2019s Political Aspirations Complicate Crypto Venture<\/strong><\/p>\n

Adding another layer to the story, Conor McGregor has recently signaled his intention to run for President of Ireland, according to reports in March. The fighter has also aligned himself with Trump\u2019s economic policies.<\/p>\n

Following Trump\u2019s announcement of 20% tariffs<\/a> on Irish goods (compared to 10% on UK goods), Conor McGregor suggested Ireland should consider leaving the European Union, according to reports.<\/p>\n

Despite the initial failure, a spokesperson from RWG said they are looking to relaunch the token soon. Whether the second attempt will succeed in the current economic climate remains to be seen.<\/p>\n

Featured image from Gemini Imagen, chart from TradingView<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

UFC fighter Conor McGregor\u2019s foray into cryptocurrency hit a roadblock this weekend. His \u201cREAL\u201d token failed to launch after raising only $392,315 from 668 bidders during its 28-hour presale. The amount fell far short of the $1,008,000 minimum requirement needed to proceed with the launch. Market Downturn Blamed For Poor Reception Real World Gaming DAO […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-20903","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/20903","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20903"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/20903\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20903"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20903"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20903"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}