The legendary professional wrestler Ric Flair launched a tokenized sticker collection on Telegram on April 9, which became the latest celebrity to launch a tokenized social project.
Speakers for the project were told to Cointelegraph that they were considering the reward of early stickers holding the perks in the future, even without the details shared. Flair told Cointelegraph that the project was launched to drive community relationships and added:
“The Telegram is where people really show these days. It’s universal, it’s fast, and the way people talk there feel just the perfect fit for what we do. These stickers are about energy, personality, and culture, and telelegram the place to live that.”
The launch of the wrestler’s tokenized sticker follows the mixed martial arts champion and political candidate in Ireland CONOR McGregor’s memecoin launch On April 5, which failed and emphasized the struggle of risk investments and digital assets amid the recent macroeconomic collapse.
Flair, who retired from wrestling in 2022, had previously been in the crypto space. In 2024, he introduced “Wooooo!” Coin (wooooo), a memecoin inspired by his iconic catchphrase. The token had no trading activity on April 9, 2025, with only one address that controls more than 70% of the supply, According to In coinmarketcap.
The legendary wrestler has a history of his brand’s trading through a variety of collectivity, including physical stickers available to his official online store and Amazon.
Wrestling icon Ric Flair joined the Telegram and Tout a new project. Source: Ric Flair
Related: Melania Trump’s Memecoin team ‘quietly sells’ $ 30m, says bubblemaps
Memecoins suffer from chaotic macroeconomic environment
Memecoins are one of The largest narrative of 2024 and one of the highest performance asset classes, with leading memecoins Returning four -figure percentage obtained to investors over the year.
The market for memecoins and other society tokens sank in December 2024 amid a historical rally in crypto markets. However, since then, memecoin prices have fallen, with many top-tier memecoins such as Dogecoin (Doge) and Pepe (Pepe) shedding approximately 70-80% of their value during the period.
Macroeconomic uncertainty from the ongoing trade war also has Damp the appetite for riskier assets While investors flee to more stable investments such as cash, government bonds, and stablecoins.
Crypto markets are bleeding amid macroeconomic collapse, especially altcoins, memes, and other society tokens. Source: Tradingview
Conor McGregor’s real token launched in the middle of the macroeconomic crash and failed to meet the $ 1 million minimum funding requirement.
The project is only managed to raise $ 392,315 during the April 5-6 sealed-bid auction presale-also under the $ 3 million goals set by the team and the true World Gaming Decentralized Autonomous Organization (DAO).
Real Developers announced a full refund to bidders After failing to reach the minimum target fund. Despite this, the true play of the DAO world has signaled that this is not the end of the project.
Magazine: Memecoins: infidelity of crypto goals … or its real purpose?
