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Conor McGregor to Refund Investors After REAL Token Sale Falls Below Minimum Raise
In a shocking turn of events, the highly-anticipated token sale for REAL, backed by mixed martial arts superstar Conor McGregor, has fallen short of its minimum raise. In a statement released today, the company behind the token, RWG, announced that it will be providing full refunds to the 668 investors who participated in the failed sale.
The launch of the REAL token occurred at a particularly challenging time for the crypto market, as Bitcoin and U.S. stocks experienced historic drops just before the sale began, triggered by fears of a global recession and rising trade tensions between the U.S. and China. This situation hit risk markets hard, including crypto. Additionally, the industry is still reeling from recent scandals, such as the LIBRA token case linked to Argentine President Javier Milei, which has shaken the confidence of many retail investors.
Despite this setback, it’s essential not to confuse the failure of the REAL token with a general loss of faith in the crypto sector. Recent data from Nansen indicates that “smart money” wallets remain active in the memecoin market, albeit with a more selective approach and better risk management – a sign that the ecosystem is evolving towards a healthier state.
McGregor himself had promised that REAL would be a token with a purpose, different from other celebrity-backed flops like those associated with Logan Paul or Kim Kardashian. Unfortunately, the combination of low participation and a complex auction format may have been a barrier for the general public to get involved in the project.
For RWG, this failure is not an end but rather an opportunity to regroup and rethink their strategy. They may reconsider relaunching the project with a different approach.
The recent events serve as a reminder that the crypto community demands more than just marketing; transparency, utility, and decentralization are once again the essential pillars for building long-lasting projects.
In this situation, it’s essential to note that refunding investors in full showcases RWG’s commitment to fairness and respect for their participants’ trust.
Source: https://crypto-economy.com/conor-mcgregor-to-refund-investors-after-real-token-sale-falls-below-minimum-raise/
