Combined-martial arts (MMA) champion Conor McGregor launched a memecoin referred to as “REAL” on April 5, which can reportedly function staking rewards and voting rights for tokenholders.
Spokespeople for the venture instructed Cointelegraph that the token was launched by way of a sealed-bid public sale to get rid of snipers and bots hijacking the token launch. The venture was developed in collaboration with the Actual World Gaming decentralized autonomous group (DAO).
REAL token preliminary allocation breakdown. Supply: Actual World Gaming DAO
The public sale will happen from April 5-6. In an announcement shared with Cointelegraph, McGregor touted the launch as a good memecoin providing:
“This isn’t some celebrity-endorsed bullshit token, it’s a REAL sport changer that can change the crypto ecosystem in addition to make REAL change on the earth. The sealed-bid public sale is the brand new approach of launching a token to forestall rug pulls and snipers.
“That is about transparency — we’re exhibiting the world how it’s completed with integrity,” McGregor continued.
Supply: Conor McGregor
The memecoin narrative peaked following the launch of the TRUMP memecoin by US President Donald Trump. Nonetheless, savvy merchants proceed looking memecoins, retaining the market alive.
Associated: Ghibli memecoins surge as web flooded with Studio Ghibli-style AI photographs
Meme “supercycle” useless however savvy merchants nonetheless within the sport
Nansen analysis analyst Nicolai Sondergaard just lately instructed Cointelegraph’s Chainreaction that “good cash” merchants are nonetheless scouring for memecoin trades however are simply as prone to quickly exit these positions for fast features.
Sondergaard attributed the latest exercise within the memecoin market to savvy merchants making a “enjoyable play” whereas ready for the macroeconomic outlook to settle and for markets to shake out.
US President Donald Trump’s commerce tariffs and the counter-tariff responses from buying and selling companions create a tough surroundings for risk-on belongings as buyers flee riskier asset lessons for protected havens.
Following the sweeping tariff order, US shares shed $5 trillion in worth. The catastrophic inventory market loss inside a single day totaled greater than the overall market capitalization of crypto.
The value of Bitcoin stays agency and rangebound in comparison with the overall crypto market cap proven in blue. Supply: TradingView
As fears of a chronic international commerce conflict unfold and market analysts warn of a possible recession, the worth of Bitcoin continues to stay anchored above the $80,000 degree.
Bitcoin’s resilience through the present market downturn means that extra buyers are starting to see the digital asset as a retailer of worth versus a risk-on asset.
This text doesn’t include funding recommendation or suggestions. Each funding and buying and selling transfer entails threat, and readers ought to conduct their very own analysis when making a choice.
Journal: Memecoins: Betrayal of crypto’s beliefs… or its true goal?
