The creators of the Real (REAL) token, endorsed by former UFC champion Conor McGregor, are issuing full refunds to investors after failing to meet their $1 million minimum fundraising target. In an announcement on April 6, developers Real World Gaming revealed they raised only $392,315 during the presale held on April 5 and 6, amounting to less than half of the required minimum and approximately 11% of their larger $3.6 million target. Only 668 participants took part in the sealed bid auction that began with a token price of $0.06. Initially, McGregor had positioned the REAL token as a more legitimate alternative to other celebrity-endorsed projects, aiming for a total supply valuation of $120 million. The timing of the token launch coincided with a significant downturn in the cryptocurrency market. Memecoins and overall market sentiment had been negatively impacted by various factors, including a scandal surrounding the Libra token in late February, resulting in a sharp decline in market values.

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