PSG Fan Token Drops 18% to $18 Million After UCL Victory
Paris Saint-Germain Fan Token (PSG) experienced a $4 million decline in market value, dropping to $18 million within 24 hours. The token fell 18%, trading at $1.97 and trailing behind OG Fan Token’s $19.5 million market cap.
Despite PSG winning its first UEFA Champions League title in a 5-0 match against Inter Milan on May 31, the token's value decreased. Daily trading volume for PSG rose by 180%. Crypto analyst Devchart noted the weak performance of the token after the club's historic win.
Investor sentiment suggests that many fans are unaware of the token's existence. On May 30, PSG announced at the Bitcoin 2025 conference that it has been accumulating Bitcoin since 2024 and plans collaborations with Bitcoin companies.
Inter Milan Fan Token (INTER) faced a sharper decline, falling 31% to $0.70, with a market cap of $6.7 million. INTER's trading volume increased by 120% to $9.6 million.
As reported by CoinMarketCap, the total value of fan tokens decreased by 4% to $216 million, with a daily trading volume of $118 million.