Buyers who bid on the REAL (REAL) token promoted by former UFC champion Conor McGregor will obtain a full refund after the challenge failed to boost above its $1 million minimal requirement.
“We must be actual. We didn’t hit our minimal elevate,” the builders of the Actual (REAL) token, Actual World Gaming stated in an April 6 X publish, including that “All bids can be refunded in full.”
“This isn’t the tip,” RWG stated.
The crew solely managed to boost $392,315 in USDC (USDC) over a 28-hour presale on April 5 and 6 — lower than half of the minimal required and roughly 11% of the $3.6 million goal, which was performed by way of a sealed-bid public sale.
The general public sale of 60 million REAL tokens (3% of the whole 2 billion REAL provide) initially focused a totally diluted worth of $120 million, with the sealed bid public sale beginning at $0.06 per token.
Particulars of the REAL token launch. Supply: RWG
Solely 668 members had been concerned, in response to RWG’s knowledge.
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McGregor, a UFC fighter turned entrepreneur and Eire political candidate, initially claimed that his token can be extra reputable than different celebrity-endorsed tokens, which have incessantly resulted in rug pulls:
“This is not some celebrity-endorsed bullshit token, it’s a REAL sport changer that may enhance the crypto ecosystem in addition to make REAL change on the planet,” McGregor stated in an announcement shared with Cointelegraph.
Supply: Conor McGregor
Was REAL launched at a nasty time?
The REAL token launched in the midst of a pointy market downturn — with Bitcoin (BTC) falling, whereas US shares noticed an estimated $6.6 trillion loss on April 3 and 4 — the most important two-day loss ever as US President Donald Trump’s tariff plans proceed to boost recession fears.
Memecoins have additionally been cooling off for the reason that launch of the Official Trump memecoin on Jan. 18, 2025. The Libra (LIBRA) token scandal involving Argentine President Javier Milei in late February additionally exacerbated the downward pattern.
The once-$100 billion memecoin market has now fallen beneath $44 billion and is down 13% over the past 24 hours, CoinGecko knowledge reveals.
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