Juventus ($JUV) Fan Token Explodes 57% Overnight as Old Lady Beats Dortmund

While it was just a friendly on Sunday at Dortmund’s Signal Iduna Park in Germany, Juventus showed a taste of what might be on show back in Turin when the Serie A season gets underway in a couple of weeks time.

Juventus beat Borussia Dortmund 2-1 thanks to two goals from Andrea Cambiaso, while fans also got a glimpse of some new players who make up part of Juventus’ $128 million transfer haul. 

And while Cambiaso was firing in the goals on Sunday, the Juventus Fan Token ($JUV) was firing its way up the Fan Tokens charts with a 57% surge which occurred in just under 12 hours.

Juventus ($JUV) Fan Token Overnight Surge

As seen below, the $JUV token had been slowly climbing throughout the week, but on Aug. 10 at 04:00AM the token began a short, sharp surge that left $JUV holding 57% gains in just half a day – climbing from $1.09 to $1.72.

Curiously enough, the surge began roughly 12 hours before the Juventus vs Dortmund game kicked off, and peaked just as the game ended. Did someone bet big on Juventus in this pre-season friendly? Was it just a coincidence?

That’s a matter for speculation, but what we do know is that $JUV trade volume jumped more than ten-fold – from $13 million to $140 million – in a matter of hours.

Binance was the source of over 38% of the total daily trading for $JUV, where $37 million worth was traded against $USDT, and $21 million was traded against $TRY (Try.Finance). Other major exchanges which hosted multi-millions worth of $JUV trades included Bybit, Upbit, Bitget, Gate, and several others.

The $JUV Fan Token is now up 91% in the past two weeks alone. Following the peak of $1.72, the token fell back to the $1.57 range at time of writing, still leaving the token holding on to 44% gains in the past 24 hours.

Greg Thomson: Fan Tokens Market Reporter