Investors who bid on the actual (actual) tokens promoted by former UFC champion Conor McGregor will receive a full refund after the project does not exceed the minimum $1 million requirement.
“We need to be authentic. We never hit a minimum salary increase,” the developer of Real (Real) Token said in a post on XX on April 6th, adding, “All bids will be fully refunded.”
“This isn't the end,” RWG said.
The team was able to raise $392,315 in USDC (USDC) on 28 hours of press rail on April 5th and 6th. It's less than half the lowest and less than 11% of the $3.6 million target held at the sealed bid auction.
Public sales of 60 million actual tokens (3% of the real supply of 2 billion units in total) initially targeted $120 million, a fully diluted value, with sealed bid auctions starting at $0.06 per token.
Details about actual token launch. Source: RWG
According to data from the RWG, only 668 participants were involved.
Related: Celebrity tokens burning brightly and burning out in 2024
McGregor, a UFC fighter, became an entrepreneur and Ireland political candidate, but initially claimed that his tokens were more legal than other celebrities approved.
“This is not a bullshit token approved by celebrities, but a real game changer that will improve the crypto ecosystem and bring about real change in the world,” McGregor said in a statement shared with Cointelegraph.
Source: Conor McGregor
Was the actual product released at a bad time?
Actual tokens launched mid-sharp market slump saw a decline in Bitcoin (BTC) and US stocks saw an estimated loss of $6.6 trillion on April 3rd and 4th.
Memokine has also been cooled since the official Trump Meme Coin was released on January 18th, 2025.
The $100 billion memocoin market at a time is below $440 billion, a 13% decline over the last 24 hours, Coingecko data shows.
Magazine: XRP victory leaves “bad actors” at Ripple without a precedent set of cryptography
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