Khabib Nurmagomedov Backs ‘Satirical’ Meme Coin CONVICT That Raises Funds to Help Conor McGregor’s Victims

Mixed martial arts legend Khabib Nurmagomedov has thrown his support behind a ‘satirical’ meme coin that is raising funds to help the victims of Conor McGregor

Mixed martial arts legend Khabib Nurmagomedov has thrown his support behind a ‘satirical’ meme coin that is raising funds to help the victims of Conor McGregor, a fellow Ultimate Fighting Championship (UFC) fighter found guilty of sexual assault.

An X post on Thursday showed Nurmagomedov praising the so-called CONVICT project for taking up the initiative.

“Good job guys , you have my full support, this guy deserves punishment,” said the UFC Hall of Famer.

Good job guys , you have my full support, this guy deserve punishment https://t.co/tOFNJrBUYV

CONVICT describes itself as a “satirical meme coin” that is influenced by McGregor’s recent conviction in the sexual assault civil case. It has called for donations to its cryptocurrency address to cover the legal fees of McGregor’s victims.

The coin, which trades on Solana (SOL)-based decentralized exchange (DEX) Raydium, saw its market valuation jump to $336,370, at the time of writing, as per CoinMarketCap.

However, the coin has very low liquidity, about $82,900, at the time of this report, making it prone to wild price swings. Its absence from mainstream cryptocurrency exchanges also raises another red flag.

A civil court jury found last week that McGregor assaulted a woman in a Dublin hotel in December 2018, ordering him to pay her nearly €250,000, roughly $263,600, in damages, as per a CNN report.

The Irish MMA fighter’s reputation has since taken a big hit, with his wax figure getting removed from the National Wax Museum Plus in Dublin, the BBC reported.

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Interestingly, this isn’t the first time Nurmagomedov has been linked to controversial cryptocurrency ventures.

Last year, the MMA legend faced accusations from “Crypto Detective” Coffeezilla for promoting a potential cryptocurrency scam involving his new non-fungible token (NFT) project.

Nurmagomedov launched an exclusive NFT collection in partnership with GoMining, a cryptocurrency mining platform, promising fans access to his "private club" and the ability to mine Bitcoin (BTC).

Photo Courtesy: Camerasandcoffee On Shutterstock.com

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