$PFL Reaches New Heights Following Weekly Price Hike

The Fan Token of the Professional Fighters League registered an astounding 36.45% price gain in 24 hours indicating renewed investors’ interest. 

At the time of writing, $PFL was trading at $0.2045, represeting a 2.26 percent increase in the past 24 hours. This surge has increased its total market cap to $404,269 at a circulating supply of 2 million PFL.

$PFL Trading Activity and Market Trends

Despite the sharp increase in price, trading activity for PFL has declined, with the 24-hour trading volume at just $5.86, down by 80.30% from the previous day. This suggests that while demand for the token has pushed prices higher, overall market activity has slowed. 

Meanwhile, $PFL’s positive momentum could be linked to several factors including renewed investor interest in Fan Tokens, potential upcoming events in the Professional Fighters League, or increased community engagement. 

However, the declining trading volume raises questions about the sustainability of the rally.With PFL now sitting at a higher valuation, traders will be watching closely to see if the momentum continues or if profit-taking leads to a short-term correction.

Fan Tokens are official Digital Assets for the world’s best sport teams. They form the biggest Digital Asset class in sports. There are over 2M+ Fan Token wallets.  

Chiliz are the creators of Fan Tokens, with their Fan Tokens providing engagement opportunities on the company’s engagement and rewards platform Socios.com.

Big names to launch Fan Tokens with Chiliz include Manchester City ($CITY), FC Barcelona ($BAR), Paris Saint Germain ($PSG) and 70+ more teams.

Fan Tokens are available on multiple exchanges and can also be traded on Fan Token focused DEX Kayen.

Other big names in blockchain have created Fan Tokens, including Binance who are behind Fan Tokens from teams including Lazio and Santos.