tl;dr
Conor McGregor, the former UFC champion, has launched a new memecoin called REAL, aiming to disrupt the digital asset space. The token, launched in partnership with Real World Gaming DAO, promises staking rewards and governance rights. However, the token's auction has raised only $218,000, falling f...
Conor McGregor, the former UFC champion, has launched a new memecoin called REAL, aiming to disrupt the digital asset space. The token, launched in partnership with Real World Gaming DAO, promises staking rewards and governance rights. However, the token's auction has raised only $218,000, falling far short of the $3.6 million goal. Investor hesitation stems from concerns about the token's unlock window, use of third-party logos, and perceived focus on short-term hype over sustainable value.
McGregor unveiled his plans to disrupt the digital asset space, claiming he had already changed the fight, whiskey, and stout industries. His latest move involves a partnership with Real World Gaming DAO to launch REAL. According to the project’s website, the team opted for a sealed-bid auction model to launch the token, aiming to prevent bot manipulation and create fairer pricing.
Several issues appear to be fueling investor hesitation. Critics have called out the token’s short unlock window, warning that it creates ideal conditions for rapid sell-offs. Others raised concerns about the project’s use of third-party logos on its site, hinting at misleading promotional tactics.
The dismal launch reflects broader exhaustion in the meme coin sector, which has been rattled by recent scandals involving other celebrity-backed tokens. Tokens tied to Donald Trump and Melania, for instance, have seen sharp declines that have caused investors significant losses.