How $PSG Fan Token Gained 25% This Week Without PSG Kicking a Ball

The $PSG Fan Token price gained 25% in days leading up to March. 16, while trade volume surged to a five-month high of $31.6 million, all without PSG kicking a ball this week, as per price data from Socios.com.

PSG were set to play 17th-placed Nantes on March. 15, but the game was postponed in order to give PSG more time to prepare for their Champions League second-leg playoff match against Chelsea.

However, after second-placed Lens lost in their match away to Lorient on Saturday, the $PSG Fan Token began to climb, as PSG opened up their strongest lead in the league all season.

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How $PSG Gained 25% Without Kicking a Ball

Football Fan Tokens react to more than just their own team’s results, and in this case, $PSG’s surging valuation appears to have been catalyzed by the loss recorded by PSG’s nearest competitors. 

Prior to second-placed Lens’ match against Lorient on Saturday, the Paris Saint-Germain Fan Token ($PSG) price stood at $0.617.

After Lens lost the match, and PSG’s match against Nantes was postponed, the $PSG token’s valuation climbed to a peak of $0.854 early on Monday morning, marking growth of 25.7% over the weekend.

The $PSG surge was accompanied by a huge influx of trades, as the daily trade volume climbed to a five-month high of $31.6 million. This marked a 2,300% increase on the previous day’s turnover of $1.3 million.

PSG’s Lead at the Top of Ligue 1

As the dust settles on the events of the weekend, PSG now find themselves with a one-point lead at the top of the French Ligue 1, with a game still to play. 

That means PSG could take a four-point lead at the top if they overcome Nice in their next league match on March. 21.

Additionally, PSG’s chances of progressing in the Champions League will have been boosted by the weekend’s match postponement, allowing them more time to recover and prepare.

PSG currently lead Chelsea 5-2 from the first leg of the round of 16 playoff matches. The second-leg takes place on Tuesday, March. 17, at Chelsea’s Stamford Bridge stadium.

All of these developments appear to have motivated traders to double down on $PSG, whose season suddenly looks a lot more promising.

Greg Thomson: Fan Tokens Market Reporter