Legendary professional wrestler Ric Flair has become the latest celebrity to launch a tokenized sticker collection on Telegram on April 9th and launch a tokenized social project.
A spokesman for the project told Cointelegraph that he was considering rewarding early sticker holders with future perks, but details have not been shared. Flair added to CointeLegraph that the project was launched to promote community engagement:
“Telegram is where people are really showing up these days. It’s global, fast, and the way people communicate there felt like it was perfect for what we’re doing. These stickers are about energy, personality, culture, and telegrams are where it comes to make it happen.”
The launch of the wrestler’s tokenized sticker follows the launch of the memo coins of Mixed War Arts Champion and Irish political candidate Conor McGregor, held on April 5th.
Flair, who retired from wrestling in 2022, previously tried the crypto space. In 2024, he introduced “Woooo!” Coin (Wooooo), Memecoin inspired by his iconic catchphrase. Token has no trading activity as of April 9, 2025, and according to CoinmarketCap there is only one address that controls more than 70% of supply.
The legendary wrestler has a history of merchandizing brands through a variety of collectibles, including official online stores and physical stickers available on Amazon.
Wrestling icon Ric Flair joins Telegram to promote new projects. sauce: Rick Flare
Related: Melania Trump’s Memo Coin Team “sold” $30 million “selling” Bubblemaps says
Memokines suffer in a turbulent macroeconomic environment
Memecoins is one of the biggest stories of 2024, one of the best performing asset classes, with top-performing Memecoin, with a four-digit percentage profitable to investors over the course of the year.
The Memecoins and other social token market peaked in December 2024 amid historic gatherings in the crypto market. However, since then, Memecoin prices have plummeted, with many top-level memokines like Dogecoin (Doge) and Pepe (Pepe) losing about 70-80% of their value for that period.
Macroeconomic uncertainty from the ongoing trade war reduced their appetite for riskier assets as investors fled to more stable investments such as cash, government bonds and stubcoins.
The crypto market is bleeding in the macroeconomic slump, particularly among altcoins, memes and other social tokens. sauce: TradingView
Conor McGregor’s real token was launched amid a macroeconomic conflict and failed to meet the $1 million minimum funding requirement.
The project was able to raise $392,315 during pre-sale sales at the sealed bid auction on April 5-6. This is far below the $3 million goal set by the team and the real-world game-decentralized autonomous organization (DAO).
Real’s developers have announced a full refund to bidders after failing to reach their minimum funding target. Nevertheless, Real World Gaming Dao has shown that this is not the end of the project.
magazine: Memecoins: Betrayal of Crypto’s ideal…or its true purpose?
