The price of the FC Barcelona Fan Token ($BAR) experienced a sharp decline of nearly 15% over the past 24 hours, currently trading at $2.06, following the club’s disappointing exit from the semi-finals. The token dropped from a stable range around $2.40–$2.45 earlier in the day, to as low as $2.00, before stabilizing slightly above the $2.05 mark.

According to on-chain data, the 24-hour trading volume spiked to $36.8 million, indicating heavy market activity and emotional reactions from fans and traders. The token’s circulating supply stands at 10.65 million BAR, with a total supply of nearly 40 million.

As evident from the price chart, the token momentarily surged above $2.50, presumably from some bullish speculation or a delayed reaction to pre-match hype, but quickly retreated after the match result was known. The downward slope steepens as sentiment turns negative following the club’s elimination from the tournament.

Fan tokens such as $BAR, which were created in collaboration with Chiliz and Socios.com, grant holders engagement privileges which include voting in certain club decisions, access to premium content, and other merchandise incentives.

Subsequently, demand has visibly dropped because FC Barcelona is no longer in the running for the trophy. It seems that the loss has fueled a passion recession amongst fans which along with the token releases creates a bearish outlook for the token.