Conor McGregor Announces Refund After Crypto Memecoin Failure REAL
- Guaranteed refund for investors of Conor McGregor's REAL memecoin.
- Failure to raise funds highlights adverse climate in cryptocurrency market.
- McGregor reinforces commitment to innovation in the crypto ecosystem.
Conor McGregor’s recent attempt to make a name for himself in the cryptocurrency space with the launch of the REAL token, classified as a memecoin, failed to meet financial expectations, resulting in a promise of a full refund to investors. The project, managed by Real World Gaming, failed to reach the minimum fundraising requirement of US$1 million, which resulted in the return of the funds to the bidders.
REAL token developers detailed in an April 6 post on X that “we did not meet our minimum raise, and all bids will be refunded in full.” This transparent approach reflects the company’s accountability in the face of setbacks encountered.
Ladies and gentlemen, this is REAL! https://t.co/uhBgjAHotX
- Conor McGregor (@TheNotoriousMMA) April 6, 2025
The fundraising campaign, which ran for 28 hours on April 5 and 6, raised just $392.315 worth of USDC through a sealed-bid auction. The initial target for the public sale of 60 million REAL tokens was to reach a fully diluted value of $120 million, with the auction starting at $0,06 per token. However, only 668 investors participated.
Despite the challenges, McGregor maintained an optimistic tone: “This is not some celebrity endorsed bullshit token, this is a REAL game changer that will improve the crypto ecosystem as well as make a REAL change in the world,” McGregor said in a statement to Cointelegraph.
The project’s funding failure coincides with a turbulent period for the cryptocurrency market, particularly affected by a sharp drop in the value of Bitcoin, which fell below $80 and significant losses in the US stock markets, largely due to President Donald Trump’s tariff policies. In addition, the general devaluation of memecoins and recent scandals involving tokens promoted by public figures have exacerbated investor caution.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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