How Scotland Fan Token™ ($SFA) Volume Exploded 2,109% with Crunch Morocco Clash

Scotland may have narrowly lost to Morocco on Friday (June 19), but in the trading stakes $SFA was one of the weekend’s hottest Fan Tokens™, with volumes surging dramatically.

Because a draw against Morocco would have been enough to secure advancement, the match attracted fierce interest from traders, whose engagement may have been helped by the prospect of a win-induced $SFA token burn.

Despite conceding a goal to Ismael Saibari after just 70 seconds, Scotland put in a gritty performance and could still qualify for the knockout stages even if they lose to Brazil on Wednesday (June 24).

Scotland Fan Token™ ($SFA) Volume Rockets

Hours before the Morocco game kicked off, 24-hour trade volume for the Scotland Fan Token ($SFA) was just $6,915. As anticipation for the collision intensified, though, it went through the roof, driving the spot price of $SFA up with it.

By the time Morocco scored that early goal, trade volume had rocketed to $140,738 (+1,935%). Prior to kickoff, $SFA had climbed from $0.727 at the start of the day to $0.892 (+22.6%).

Trade volume for $SFA peaked at $152,772 on June 20, meaning it had risen 2,109% in 24 hours. An indication of the fan fervour inspired by World Cup showdowns, an emotion that can very quickly show up on-chain.

Naturally, things have cooled off in recent days: by Monday morning, trade volume had dropped below $10k with the price of $SFA currently $0.693. However, that could very quickly change with the Brazil match approaching.

Could First Ever WC Advancement Prime $SFA?

Wednesday’s game against Brazil in Miami is huge: earn a draw and the Scots could secure World Cup advancement for the first time in their history, something that may trigger more $SFA activity.

If Scotland go one better and actually beat Brazil, they will cause another 1% burn of $SFA treasury reserves, having already done so with the 1-0 win over Haiti on June 14.

Although Scotland are obvious underdogs, the Selecao may elect to rest some key players given they are already qualified for the next stage. Striker Raphinha also picked up an injury in their 3-0 win over Haiti, and isn’t expected to return until the round-of-16 in early July.

Steve Clarke and his team may also draw confidence from the Brazil v Morocco game, in which Brazil were fortunate to emerge with a draw. Moreover, Scotland could qualify even by losing narrowly, due to the fact that eight of the 12 third-placed teams with the most points will qualify for the next round.

Although four third-placed teams have yet to play their second group-stage games, Scotland currently have the most points of a third-placed team (alongside Sweden and Paraguay) thanks to their victory over Haiti.

If a narrow defeat fails to prevent Scotland qualifying, $SFA may reflect the feel-good factor felt by the Tartan Army as they contemplate a historic round-of-32 clash.

Ronnie McCluskey: Fan Tokens™ Market Reporter