OG Fan Token Regains 22% Amid $100M Trade Volume Surge

In the past twenty-four hours the OG Fan Token ($OG) token gained 6% in a slow, steady ascension, which adds to a week in which the token gained just under 22%.

Surging trade volumes in excess of $100 million enabled the token price to leap from the $13 range to the $16 range.

The rising valuation of $OG comes despite the OG gaming team’s mixed performance in professional competitions in the past couple of months.

OG Fan Token Gains 22% in Week

From a starting low of $13.43 on Oct. 5, the OG Fan Token ($OG) climbed to a valuation of $16.36 by time of writing – marking growth of just under 22%.

The Fan Token price did spike as high as $16.81 on Oct. 6, as daily trade volume peaked at $105 million. Since then, trade volume subsided back down to around $15 million, while the token price receded back to the $16.30 range.

While the weekly surge clawed back a lot of value for the $OG token, the price still remains some way off the monthly high of $24, which it hit on Sept. 11. 

But pulling back to the quarterly view, we see that $OG is still perched around 300% higher than it was three months ago, when it was valued around the $4 range. 

During this period, the $OG Fan Token achieved a record market cap of over $100 million (a first for an esports-based fan token), and was the focus of an acquisition by the Chiliz Group that sparked an evolution of what the $OG token represents going forward. 

Mixed Autumn for OG Esports Team

The OG Esports Team has had a mixed autumn so far. The team won the CCT Season 2 Series 4 competition for DOTA 2 in August, and followed it up with a victory in the CIS Battle Series 2 in September, also for DOTA 2. 

But just this week the team exited the DOTA 2 FISSURE Universe Episode 7 competition in the group stages. 

Greg Thomson: Fan Tokens Market Reporter