The previous UFC champ attempted to introduce his very own star memecoin, REAL, in April, yet the task stopped working to get grip.
UFC celebrity Conor McGregor slammed previous competing Khabib Nurmagomedov for his non-fungible token (NFT) decline on Telegram, which included electronic “papakhas”– a conventional hat used in Nurmagomedov’s indigenous nation of Dagestan..
” There is simply no other way hero Khabib utilized his late papa’s name, in addition to Dagestan’s society, to rip-off his followers and fire market a number of electronic NFTs online,” McGregor composed in a now-deleted X blog post..
Onchain sleuth ZachXBT replied to McGregor, mentioning that McGregor tried to introduce his very own star memecoin in April called REAL. ZachXBT stated:.
” There is simply no other way hero McGregor utilized his online reputation, in addition to Irish society, to rip-off his followers and fire market a number of electronic symbols online and afterwards erase every one of the blog posts after they were offered, leaving his followers burglarized of their cash?” Resource: ZachXBT McGregor’s REAL token was provided to potential purchasers in a sealed-bid public auction to avoid snipers and automated trading crawlers from adjusting costs at launch. It included laying incentives for owners, yet it just took care of to elevate 39% of its target launch objective..
The funds that were elevated were reimbursed to individuals adhering to the stopped working launch, according to McGregor. The failing of the token resulted from several aspects, consisting of a wide slump in the crypto market at the time and a memecoin bearish market.
Connected: NFT and memecoin markets recuperate after month-long crypto depression.
Memecoins have dropped from elegance, yet will they return? Memecoins was just one of the best stories and best-performing fields in the crypto market in 2024. Nevertheless, the allegorical run delighted in by memecoins pertained to a shrilling stop in 2025.
The decrease of memecoins adhered to a number of top-level launches that plunged in worth practically right away after launch or were defined as a carpet pull, consisting of jobs backed by United States Head of state Donald Trump and Argentina’s Head of state Javier Milei.
The memecoin market has actually remained in decrease considering that December 2024. Resource: CoinMarketCap Memecoins was up to a market cap of $39.4 billion on Friday, getting to the most affordable degree on document in 2025 and losing as much as $5 billion in someday, according to CoinMarketCap..
Publication: Memecoins: Dishonesty of crypto’s suitables … or its real function?
