Source: Cointelegraph Original: "{title}"
Mixed Martial Arts (MMA) champion Conor McGregor launched a meme coin called "REAL" on April 5, reportedly granting holders staking rewards and voting rights.
According to Cointelegraph, the project is using a sealed-bid auction method to issue the tokens, aimed at preventing sniper trading and bot hijacking during the issuance. The project is developed in collaboration with the Real World Gaming decentralized autonomous organization (DAO).
Initial distribution structure of the REAL token Source: Real World Gaming DAO
The auction took place from April 5 to 6. McGregor emphasized the fairness of this issuance in a statement provided to Cointelegraph: "This is not one of those garbage tokens that celebrities endorse, but a revolutionary project that can truly change the crypto ecosystem and the real world. The sealed-bid auction is a new issuance method to prevent rug pulls and sniper trading."
McGregor continued, "This is about transparency—we are showing the world how to operate with integrity."
Source: Conor McGregor
The meme coin craze peaked after U.S. President Trump launched the TRUMP token. However, savvy traders are still hunting for meme coin opportunities, keeping the market vibrant.
Although the "super cycle" of meme coins has ended, seasoned traders remain in the game.
Nansen research analyst Nicolai Sondergaard pointed out to Cointelegraph's "Chain Reaction" column that "smart money" traders are still searching for meme coin opportunities but will also quickly close positions for quick profits.
He believes recent market activity is "entertainment trading" as traders wait for clarity on the macroeconomic situation.
President Trump's tariff policies and retaliatory measures from trade partners are prompting investors to flee high-risk assets, leading to a deteriorating environment for risk assets.
After the announcement of large-scale tariffs, the U.S. stock market lost $5 trillion in value, with single-day losses exceeding the total market capitalization of cryptocurrencies.
Bitcoin price (orange) remains stable compared to total crypto market capitalization (blue) Source: TradingView
As concerns over the escalating global trade war grow, and market analysts warn of an economic recession, Bitcoin's price has consistently anchored above $80,000.
The resilience of Bitcoin during the current market downturn indicates that more and more investors are beginning to view it as a store of value rather than a risk asset.
This article does not constitute investment advice; readers should conduct their own research before making decisions.
Related articles: Conor McGregor's token project will refund bidders due to failed issuance.
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