What does the failed launch of REAL say about memecoins in the market?

The launch event of Conor McGregor’s REAL token was highly anticipated and was supposed to be a knockout. However, it ended in disappointment.

Although aiming to raise 1 million dollars, this token only reached 300,000 dollars on the first day. With a questionable 12-hour unlock time and ineffective marketing campaign, the launch left the crypto community shaking their heads in dismay. Furthermore, Real World Gaming DAO announced that the token did not reach the minimum fundraising level and promised to refund all contributions.

Is this just a memecoin disaster sponsored by celebrities, or is it a lesson on how to launch a token?

Launch of REAL token

Conor McGregor is known for being willing to take risks, but his attempt to enter the cryptocurrency market faced a major setback when the presale of the REAL token did not achieve the expected success.

With the goal of revolutionizing the memecoin space through promises of transparency and control, McGregor’s tokenomics structure includes 32% for the treasury fund and 10% reserved for the development team – a significant figure that draws much attention.

Source: getrealtoken.io Although the presale only raised $300,000 out of a total goal of $1 million, it may not be a disaster. With global markets facing uncertainty due to trade tensions and regulatory issues surrounding memecoins, McGregor has avoided major reputational damage. In fact, failing to meet his fundraising target could benefit him, especially considering his political ambitions in Ireland.

For retail investors waiting for a refund, this is a reminder that sometimes a failed launch can be the best thing that can happen.

What does the community say?

As predicted, the launch of the REAL token has caused mixed reactions from the crypto community.

“As soon as it goes public, the price will plummet. Not a problem for Conor… History always repeats itself in the crypto industry.”

Some people have expressed a less supportive opinion, with one user commenting:

“Changing the game but launching something so foolish when memecoins are dead and retail investors are running out. It would have been better to wait for a more opportune moment.”

Critics have also focused on the token economy, with one account stating:

“If you buy REAL tokens, be prepared for a sell-off. The token economy is absolutely ridiculous and the unlock time is only 12 hours. Basically, you are giving away your money if you buy this token.”

And the criticisms continue, as another user comments:

“The washed-up fighter Conor McGregor has chosen to launch a coin with an FDV of 100 million dollars on a Saturday - truly a perfect choice for such a ridiculous decision.”

Lost to memecoins**?**

The failed token launch by Conor McGregor is not the only case. This is the latest in a series of prominent memecoin failures: From Trump-themed coins like OFFICIAL TRUMP and MELANIA plummeting to a series of controversies surrounding LIBRA. Memecoins backed by celebrities are gradually losing their allure.

The broader memecoin market is also no longer as strong as prices fall continuously. Over the past few days, top memecoins like Dogecoin (DOGE), Shiba Inu (SHIB) and Pepe (PEPE) have all fallen between 3-5%, while Trump’s tokens have fallen even worse.

Although Fartcoin has increased slightly, most charts indicate a bearish divergence and a decrease in trading volume.

Source: CoinmarketcapRetail investor interest is also dwindling and the activities of whales are gradually decreasing. Even prominent tokens are struggling to maintain daily momentum, suggesting that the memecoin craze is gradually cooling down.

This failure occurred when the entire industry seemed to be in a difficult situation.

Disclaimer: This article is for informational purposes only and is not investment advice. Investors should do their own research before making decisions. We are not responsible for your investment decisions.

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Dinh Dinh

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