Data: After winning the European Championship, the Spain National Fan Token (SNFT) plummeted by 20%

ChainCatcher news, according to Coindesk, the Spanish National Fan Token (SNFT) has plummeted 20% in the past 24 hours, currently priced at $0.024, with a total market capitalization of $565,000.

Despite Spain defeating England in the final of the 2024 European Championship to win their fourth European title, the SNFT token experienced a "Sell the Fact" effect. In contrast, the fan tokens of Paris Saint-Germain and Barcelona rose by 2% to 4%.

It is reported that the SNFT token was launched in 2021 by the Royal Spanish Football Federation in collaboration with the Turkish blockchain platform Bitci, aimed at enhancing fan engagement and providing privileged experiences for sports enthusiasts and investors.