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Conor McGregor’s REAL Token Fails to Meet $1 Million Minimum Fundraising Goal
In a shocking turn of events, UFC star Conor McGregor’s cryptocurrency token, REAL, has failed to meet its minimum fundraising goal of $1 million. The project, backed by major crypto firms such as Animoca Brands and KuCoin Labs, raised only $392,000 during its 28-hour presale period, far below the targeted amount.
The disappointing outcome is a stark reminder that even high-profile endorsements can’t guarantee success in today’s volatile market. Despite boasting an impressive social media following of over 57 million across Twitter and Instagram, McGregor’s appeal appears to be losing traction with investors.
The REAL token’s failure comes amid a broader market downturn, with the memecoin market experiencing a significant cooling off since January. The trend is expected to continue, as President Trump’s tariff plans have raised recession fears and led to a substantial two-day loss of $6.6 trillion in U.S. stocks. Bitcoin has also been falling, and it seems that even major crypto players are not immune to the market fluctuations.
The lack of interest in the REAL token is particularly surprising given its innovative features, including transparency, DAO voting rights, and potential use in gaming. These advantages were designed to differentiate McGregor’s project from other celebrity-backed tokens that have failed in the past. However, it appears that these selling points are no longer enough to entice investors.
While the failure of the REAL token is a significant setback for McGregor and his team, it may also signal a broader shift away from celebrity endorsements in the crypto space. As the market becomes increasingly more discerning, investors seem to be placing greater emphasis on fundamentals rather than just famous backers.
It remains unclear what will become of the project now that its fundraising goal has been missed. The development team has announced that all participating investors will receive full refunds, but there is no word yet on whether they intend to relaunch the token or abandon it altogether.
In any case, this setback serves as a harsh reminder of the risks involved in the crypto space and the importance of rigorous due diligence before investing.
Source: https://blockonomi.com/conor-mcgregors-real-token-fails-to-meet-1-million-minimum-fundraising-goal/
