Conor McGregor’s much-hyped REAL memecoin has failed to deliver on its ambitious presale target, raising only $390,000—61% below its $1 million minimum goal.
As a result, the project has been paused, and all presale bids have been refunded, according to the project’s website. The disappointing performance has sparked widespread discussions across the cryptocurrency community, with many questioning the viability of celebrity-backed crypto ventures.
The REAL memecoin was marketed as an innovative addition to the meme token sector, leveraging McGregor’s global fame to attract investors. However, analysts believe the project suffered from oversaturation in the memecoin market and skepticism about its utility. Critics have pointed out that the token lacked a clear roadmap or compelling use case, likely deterring potential buyers.
Social media platforms such as Twitter and Reddit have been abuzz with reactions to the failed presale. While some users expressed disappointment over unmet expectations, others criticized the project’s reliance on McGregor’s celebrity status rather than offering tangible value. This failure highlights broader challenges within the memecoin ecosystem, where sustainability often hinges on more than initial hype.
The setback serves as a cautionary tale for celebrity-endorsed cryptocurrency projects. Experts emphasize that successful ventures require transparency, robust planning, and meaningful engagement with the crypto community to thrive in an increasingly competitive market.
Earlier this year, Donald Trump and Melania faced controversy over the launch of their memecoins, which rapidly increased in value to over $15 billion. The launch of the Official Trump (TRUMP) token, which achieved a market capitalization of $15 billion, ignited controversy. This was followed by the introduction of $MELANIA, Melania Trump’s memecoin, just a day later. The timing of these launches led analysts to speculate about potential market manipulation and greed-driven motives.
Adding to the memecoin controversy, in February, Argentine President Javier Milei denied allegations that he promoted the LIBRA memecoin, which experienced a dramatic surge followed by a crash, leaving investors with significant losses.
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