The team only managed to raise $392,315 in USDC (USDC) over a 28-hour presale on April 5 and 6 — less than half of the minimum required and approximately 11% of the $3.6 million target, which was conducted via a sealed-bid auction. The public sale of 60 million REAL tokens (3% of the total 2 billion REAL supply) initially targeted a fully diluted value of $120 million, with the sealed bid auction starting at $0.06 per token.
Related: Celeb tokens that burned bright, then burned out, in 2024McGregor, a UFC fighter turned entrepreneur and Ireland political candidate, initially claimed that his token would be more legitimate than other celebrity-endorsed tokens, which have frequently resulted in rug pulls:“This isn't some celebrity-endorsed bullshit token, it’s a REAL game changer that will improve the crypto ecosystem as well as make REAL change in the world,” McGregor said in a statement shared with Cointelegraph.
The REAL token launched in the middle of a sharp market downturn — with Bitcoin (BTC) falling, while US stocks saw an estimated $6.6 trillion loss on April 3 and 4 — the largest two-day loss ever as US President Donald Trump’s tariff plans continue to raise recession fears.
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Author / Journalist: Cointelegraph by Brayden Lindrea
The story "Conor McGregor’s token creators to refund bidders after failed launch" has 340 words across 11 sentences, which will take approximately 2 - 3 minutes for the average person to read.
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