Buyers who bid on the REAL (REAL) token promoted by former UFC champion Conor McGregor will obtain a full refund after the venture failed to lift above its $1 million minimal requirement.
“We have to be actual. We didn’t hit our minimal increase,” the builders of the Actual (REAL) token, Actual World Gaming mentioned in an April 6 X submit, adding that “All bids shall be refunded in full.”
“This isn’t the tip,” RWG mentioned.
The staff solely managed to lift $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 carried out by way of a sealed-bid public sale.
The general public sale of 60 million REAL tokens (3% of the entire 2 billion REAL provide) initially focused a completely 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 individuals have been concerned, in response to RWG’s knowledge.
Associated: Celeb tokens that burned bright, then burned out, in 2024
McGregor, a UFC fighter turned entrepreneur and Eire political candidate, initially claimed that his token can be extra professional than different celebrity-endorsed tokens, which have regularly resulted in rug pulls:
“This is not some celebrity-endorsed bullshit token, it’s a REAL recreation changer that may enhance the crypto ecosystem in addition to make REAL change on this planet,” McGregor mentioned in a press release shared with Cointelegraph.
Supply: Conor McGregor
Was REAL launched at a foul 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 biggest two-day loss ever as US President Donald Trump’s tariff plans proceed to raise recession fears.
Memecoins have additionally been cooling off because the 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 under $44 billion and is down 13% during the last 24 hours, CoinGecko data exhibits.
Journal: XRP win leaves Ripple a ‘bad actor’ with no crypto legal precedent set
