Conor McGregors REAL Token Fails to Launch - Bidders to Be Refunded
Conor McGregors REAL Token Gets TKO in the Presale Ring
The much-hyped REAL token backed by MMA superstar and entrepreneur Conor McGregor has flopped in its presale, with developers officially announcing that the token failed to hit the $1 million minimum fundraising goal. The REAL token presale raised just $392,315 in USDC, and as a result, all 668 participants will receive a full refund.
The token was pitched as the anti-rug pull a no-nonsense project set to bring REAL change to crypto and gaming. Only 60 million REAL tokens (3% of the total 2 billion supply) were up for grabs during a 28-hour sealed-bid auction, starting at $0.06 per token. The full raise was meant to hit $3.6 million at a $120 million fully diluted valuation.
Why Did REAL Token Fail?
While McGregors name carries a lot of weight in the world of combat sports and entrepreneurship, the crypto market didnt bite this time. Launching REAL during one of the worst crypto crashes of the year may have been the fatal mistake.
Just as the auction kicked off, Bitcoin dipped from above $80,000 to below $76,000, U.S. stocks shed over $6.6 trillion in value, and fears of a new global recession sparked by Donald Trumps sweeping tariff announcements gripped investors.
McGregors Vision vs. Reality
Conor McGregor had promised something different from the usual celeb-backed pump-and-dump tokens:
This isn't some celebrity-endorsed bullshit token, McGregor stated. Its a REAL game changer that will improve the crypto ecosystem as well as make REAL change in the world.
Despite the bold claim, the project failed to rally the crypto community at a time when confidence is low, and liquidity is tight. The low turnout just 668 participants highlights the broader markets caution toward new, untested tokens, even those with big names behind them.
Whats Next for REAL Token?
RWG says this isnt the end. Theyve hinted at regrouping, potentially rethinking their launch strategy. But with the market as shaky as it is and meme culture cooling off, it may take more than just hype and a famous face to revive REAL.
Read more: https://cryptoticker.io/en/conor-mcgregors-real-token-fails-to-launch-bidders-to-be-refunded/
Text source: CryptoTicker
