Data: Since the start of the UEFA Euro 2024, the market value of fan tokens has dropped by nearly 13%

2024-06-25 08:13:21

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ChainCatcher news, according to The Block, the 2024 UEFA European Championship will kick off on June 15. At first glance, one might think that cryptocurrency tokens related to football, especially those associated with the sport, would perform exceptionally well during this quadrennial event. However, the reality is quite the opposite. The Block's sports token index, which tracks the performance of fan tokens from prominent European football clubs, is one of the worst-performing asset baskets in the market this week.

It is reported that since the tournament began on June 15, the index has seen a significant decline, with the cumulative market value of these tokens dropping by approximately 12.8% as of publication. During the same period, Bitcoin's price decreased by 3%, while Ethereum's price rose by about 1%.

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UEFA Euro 2024 fan tokens market value

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