Some investors believe the weak momentum was due to the fact that most fans are unaware of the token’s existence.
On May 30, PSG revealed at the Bitcoin 2025 conference that it has been accumulating Bitcoin (BTC) since 2024. The French football club will also collaborate with Bitcoin companies, Pär Helgosson, head of PSG Labs, said at the event.
The Inter Milan Fan Token (INTER) saw an even deeper fall of 31% over the past day. INTER is currently trading at $0.70 with a market cap of $6.7 million. INTER’s trading volume saw a similar momentum to PSG — rose 120% to $9.6 million.
According to data from CoinMarketCap, the total value of fan tokens decreased by 4% to $216 million, with a daily trading volume of $118 million.
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Wahid has been analyzing and reporting on the latest trends in the decentralized ecosystem since 2019. He has over 4,000 articles to his name and his work has been featured on some of the leading outlets including Yahoo Finance, Investing.com, Cointelegraph, and Benzinga. Other than reporting, Wahid likes to connect the dots between DeFi and macro on his newsletter, On-chain Monk.