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BitPanda Listing Sees PSG Lead Fan Token Pump 124% Overnight
The listing of French football superpower Paris Saint-Germain’s fan token $PSG on BitPanda and Socios gives fans the power to vote on club decisions and access VIP events, leading to the token surging 124 percent overnight.
BitPanda Announces Listing of Seven Socios Fan Tokens
$PSG has grabbed the limelight this week supported by BitPanda, but movement across the 40 Socios fan tokens has over the past few weeks reflected fan sentiment toward team performance and the club itself. According to data from CoinCecko, PSG has leapfrogged Manchester City Fan Token to top the Fan Token table this week. In seven days, PSG surged 132.5 percent to a market capitalisation of US$33.08 million, with 82 percent of that coming in the past 24 hours.
Other coins listed on BitPanda include Juventus Fan Token, Atletico De Madrid Fan Token, Santos FC Fan Token, FC Porto Fan Token, FC Barcelona Fan Token and Manchester City Fan Token.
PSG Affirms Its Spot in the NFT Market
PSG has affirmed its spot in the NFT market, making multiple deals. Last year PSG signed a deal worth US$35 million with Crypto.com, a significant portion of which was paid in CRO tokens. The PSG Fan Token has seen similarly massive growth, surging 52 percent on the day Lionel Messi departed FC Barcelona to join the French club.
Author
Jana Serfontein
Jana has keen interest in what cryptocurrencies have to offer in regards to NGO’s, governments and the financial system. And is also intrigued with the psychological effect that cryptocurrencies have on society.
