Conor McGregor's crypto token auction failed to secure the minimum funding required, raising only 39% of the $1,008,000 target during its presale period, which ended recently. The auction managed to raise just $392,315 from 668 bidders. Following this failure, Real World Gaming DAO (RWG) announced that all bids would be refunded in full. McGregor emphasized that the token was meant to be a significant addition to the crypto ecosystem, not merely a celebrity-endorsed initiative. The presale's downfall occurred amid challenging macroeconomic conditions and a distracting meme narrative. Additionally, on the same day, the UFC faced a hack promoting an unauthorized meme coin, leading to substantial losses for fans. The meme coin market has been under pressure due to concerns over recent economic policies and trade wars, leading to a broader decline in investor interest in such tokens. In response to this setback, RWG plans to pause and recalibrate their strategy for relaunching the token soon, as they believe the initial framing as a celebrity memecoin does not reflect the token's intended purpose.

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