They reached the final round of one of the most exciting football tournaments with positive momentum increasing around their fan tokens.
By Wahid Pessarlay
Editor Julia Sakovich
Updated
2 mins read
The finalists of the 2024/25 UEFA Champions League season, one of the most popular club football tournaments, are seeing a rise in their fan tokens.
Paris Saint-Germain Fan Token (PSG) rose 13% and reached a local high of $2.80 earlier today. The asset is currently trading at $2.75. PSG’s market cap is hovering at $24.45 million.
The PSG fan token recorded an impressive 458% rise in its daily trading volume, reaching almost $35 million.
Inter Milan Fan Token (INTER) gained 30% in the past 24 hours and is trading at $1.56, a level last seen in late August 2024. Its market cap surpassed the $14 million mark as INTER witnessed a 330% rally in its 24-hour trading volume, reaching $20 million.
The bullish momentum comes two weeks ahead of the UCL final between PSG and Inter — the match is scheduled for May 31, in Munich, Germany.
Both of the tokens, based on the Chiliz network, recorded their gains while the broader cryptocurrency market wanders in uncertainty. The global crypto market capitalization declined by 2.4% and is hovering at $3.29 trillion, according to data from CoinMarketCap.
CMC data shows that fan tokens rose by 1.5% to $271 million. The sector’s trading volume increased by 63% to $182 million. The momentum shows strong interest in PSG and INTER-related crypto assets since most of the leading fan tokens, including SANTOS, OG, and BAR, have declined.
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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
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.
