Mixed War Arts (MMA) champion Conor McGregor launched Memecoin, known as “Real” on April 5th.
A spokesman for the project told Cointelegraph that the tokens were launched through sealed bid auctions to eliminate snipers and bots hijacking token launches. The project was developed in collaboration with Real World Gaming’s Decentralized Autonomous Organization (DAO).
A failure in the initial real token allocation. Source: Real World Gaming Dao
The auction will be held from April 5th to 6th. In a statement shared with the Cointelegraph, McGregor promoted the launch as a fair Memecoin offering.
“This is not a bullshit token that was approved by celebrities. It’s a real game changer that will change the crypto ecosystem and truly change the world.
“It’s about transparency. We show the world how it works with integrity,” McGregor continued.
sauce: Conor McGregor
The Mimecoin story peaked after the launch of Trump Memocoin by US President Donald Trump. However, the well-versed traders continue to hunt Memecoin and keep the market alive.
Related: Ghibli Memokine will skyrocket when the internet is flooded with Studio Ghibli-style AI images
Meme “Supercycle” is dead, but still well-versed traders are still in the game
Nansen research analyst Nikolai Sondergaard recently told Cointregraph’s Chain Reaction that “smart money” traders are still searching for memocoin trading, but they are likely to leave those positions quickly for quick profits.
Sondergaard attributed recent activities at Memecoin Market to savvy traders who waited for the macroeconomic outlook to settle and were playing “fun play” while waiting for the market to sway.
US President Donald Trump’s response to trade tariffs and counterarguments from trade partners creates a challenging environment for risk-on assets as investors are escaping risky asset classes for safe shelters.
Following a drastic tariff order, US stocks have threw away $5 trillion worth of value. Catastrophic stock market losses within a day exceeded the total market capitalization of the crypto.
Bitcoin prices remain firmly in range compared to the total crypto market capitalization shown in blue. sauce: TradingView
Bitcoin prices remain above the $80,000 level as the proliferation of the long-term global trade war and market analysts warn of the possibility of a recession.
Bitcoin’s resilience in the current market recession suggests that more investors are beginning to be seen as valuable reservoirs, as opposed to risk-on assets.
magazine: Memecoins: Betrayal of Crypto’s ideal…or its true purpose?
