$PSG Sinks 6.60% After Final Defeat Shakes Investors Confidence
The Paris Saint-Germain Fan Token ($PSG) has taken a hit, dropping 6.60% in the past 24 hours following the club’s disappointing loss in a major final. The price now sits at $1.63, reflecting sharp sell-offs as fan sentiment turned negative.
Despite strong momentum earlier in the week that pushed the token up by over 14% in seven days, this latest setback has wiped out much of that gain. Trading activity has also cooled significantly, with a 49.60% drop in 24-hour volume—signaling lower interest after the defeat.
On-Field Loss Triggers Off-Chain Selloff
Looking at the chart, $PSG hovered around $1.74–$1.78 for much of the day, showing mild fluctuations. However, a sharp decline occurred just before 22:00 PM ET, as the token tumbled below $1.64, eventually touching a low near $1.60. The price has since made a slight recovery but remains far below earlier levels.
The current trading volume is $17.92 million, down from over $35 million the previous day, suggesting waning enthusiasm post-match. With a circulating supply of 10 million tokens, the token’s market cap has dropped to $16.48 million.
This event once again highlights the tight link between football outcomes and token price movements. As clubs increasingly adopt blockchain-based fan engagement tools, real-world match results continue to play a direct role in shaping tokenholder behavior.
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