Fan Tokens Surge Following Tethers Juventus FC Investment
WikiBit 2025-02-15 03:43
Leading stablecoin issuer Tether announced earlier today it has invested in Italian football club Ju
Leading stablecoin issuer Tether announced earlier today it has invested in Italian football club Juventus FC, leading to a massive price rise not only for the clubs crypto fan token JUV, but also for other crypto fan tokens.
The price of Juventus Fan Token surged more than 200% before seeing a correction that brought the gain back to about 120% over the past 24 hours.
Juventus Fan Token's 30-day performance (CoinDesk)
The announcement moved the prices of several other fan tokens, with the S.S Lazio Fan token (LAZIO) jumping 11%. Similarly, the FC Porto fan token (PORTO) is up more than 10% for the day.
The Tottenham Hotspur fan token, the Paris Saint-Germain fan token, and the Napoli fan token — all tokens associated with European soccer clubs — are also among those posting gains following the news.
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