Paris Saint Germain Fan Token ($PSG) Retains 16% Monthly Gains Amid Quiet Transfer Window

The Paris Saint Germain Fan Token ($PSG) has had an eventful month, with multiple spikes and corrections which have ultimately left it holding steady 16% growth over thirty days.

PSG’s transfer activity has yet to kick-off in full this summer, with just one free transfer in the door so far in the form of AS Roma’s ($ASR) Italian-Brazilian goalkeeper, Renato Martin.

Despite the lack of activity in the transfer market, the $PSG Fan Token has performed well over the course of the past month.

$PSG Fan Token’s Monthly Growth

As seen below, $PSG underwent a large 30% spike earlier in July when it climbed to a high of $1.86. This was accompanied by another 20% jump at the end of the month which saw it hit a high of $1.88.

Ultimately the $PSG token’s monthly trajectory has remained upward, and the 16% gains from a monthly low of $1.43 to the current price of $1.67 represents steady growth amid a tumultuous thirty days. 

Average daily volume typically ranged between $3-5 million throughout much of July, with some large influxes in between. 

The token’s 30% spike earlier in the month was accompanied by a $46 million influx to trade volume, as was the 20% spike. In the past seven days trade volume climbed as high as $19 million, and stands at around $9 million at time of writing.

Quiet Transfer Window for PSG

Historically known for their extravagant transfer activity, PSG’s free-spending days have since been replaced by a more measured approach to team building.

Perhaps that’s why $PSG has continued to grow this month despite the lack of incoming transfers at the club so far.

Then again, perhaps last year’s Champion’s League winners don’t feel any rush to chop and change a team that was the best in all of Europe last year.

Greg Thomson – Fan Token Market Reporter.