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The erstwhile UFC champion tried to motorboat his ain personage memecoin, REAL, successful April, but the task failed to summation traction.
UFC prima Conor McGregor criticized erstwhile rival Khabib Nurmagomedov for his non-fungible token (NFT) driblet connected Telegram, which featured integer “papakhas” — a accepted chapeau worn successful Nurmagomedov’s autochthonal state of Dagestan.
“There is conscionable nary mode bully feline Khabib utilized his precocious father’s name, arsenic good arsenic Dagestan’s culture, to scam his fans and occurrence merchantability a clump of integer NFTs online,” McGregor wrote successful a now-deleted X post.
Onchain sleuth ZachXBT responded to McGregor, pointing retired that McGregor attempted to launch his ain personage memecoin successful April called REAL. ZachXBT said:
“There is conscionable nary mode bully feline McGregor utilized his reputation, arsenic good arsenic Irish culture, to scam his fans and occurrence merchantability a clump of integer tokens online and past delete each of the posts aft they were sold, leaving his fans robbed of their money?”
Source: ZachXBTMcGregor’s REAL token was offered to prospective buyers successful a sealed-bid auction to forestall snipers and automated trading bots from manipulating prices astatine launch. It featured staking rewards for holders, but it lone managed to rise 39% of its people motorboat goal.
The funds that were raised were refunded to participants pursuing the failed launch, according to McGregor. The nonaccomplishment of the token was owed to aggregate factors, including a wide downturn successful the crypto marketplace astatine the clip and a memecoin carnivore market.
Related: NFT and memecoin markets retrieve aft month-long crypto slump
Memecoins person fallen from grace, but volition they return?
Memecoins were 1 of the hottest narratives and best-performing sectors successful the crypto marketplace successful 2024. However, the parabolic tally enjoyed by memecoins came to a screeching halt successful 2025.
The diminution of memecoins followed respective high-profile launches that plummeted successful worth astir instantly aft launch oregon were characterized arsenic a rug pull, including projects endorsed by US President Donald Trump and Argentina’s President Javier Milei.
The memecoin marketplace has been successful diminution since December 2024. Source: CoinMarketCapMemecoins fell to a marketplace headdress of $39.4 cardinal connected Friday, reaching the lowest level connected grounds successful 2025 and shedding up to $5 billion successful 1 day, according to CoinMarketCap.
Magazine: Memecoins: Betrayal of crypto’s ideals… oregon its existent purpose?
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