Fenerbahçe Unlocks 10M $FB Tokens — Circulating Supply Hits 32.5M

Fenerbahçe’s $FB token just recorded its first major token distribution of the year, as 10 million tokens were added to the circulating supply. This brings the total circulating supply to 32.5 million $FB tokens, with 96% of them now sitting on exchanges.

Supply Boost Comes with Steady Price Action

Despite the large token unlock, the market has remained calm. The price of $FB stands at $0.4592, showing a 0.15% increase in the past 24 hours and 0.30% over the past week. This stability suggests that the token unlock was either expected or well-absorbed by current demand.

What’s more, market activity is picking up. 24-hour trading volume reached $301,066, marking an 8.40% increase from the previous day. The rise in volume may signal growing interest around the token, possibly in response to the updated supply and improved liquidity on exchanges.

As $FB token supply expands, investor attention will likely shift to how Fenerbahçe’s fan engagement and platform use cases evolve in the months ahead. 

Since their creation by Chiliz, Fan Tokens have changed the sports world. With more than million wallets holding fan tokens, they’ve become the largest digital asset class in sports.

Over 70 teams now offer Fan Tokens, including Manchester City ($CITY), FC Barcelona ($BARCA), and Paris Saint-Germain ($PSG). Through Fan Tokens, fans can connect with their favorite teams in new ways. 

For instance, fans can vote on team decisions on Socios.com. They can also earn prizes and take part in other engaging activities. This brings fans closer than ever to their teams!

Major exchanges already list Fan Tokens. They can also be traded on Kayen, a decentralized exchange specifically made for Fan Tokens.

Other big blockchain players such as Binance have joined the Fan Tokens ecosystem. Teams like Lazio and Santos now have Fan Tokens, allowing them to reach more fans.