OG Fan Token Compounds 4-Year High with 11% Overnight Gains

Little over a week on since the OG Fan Token’s ($OG) cleared a more than four-year high, the token is once again on the charge after recording 11% gains in the 24 hours leading up to Wednesday, Aug. 20.

On Aug. 14 the $OG token hit a price point not seen since the Great Crypto Boom™ of 2001, when it hit a spot price of $16.69 during a month in which its value grew by over 268%.

OG Fan Token Gains 11%

After an expected fallback, the token found itself back around the $12 range. 

On Aug. 20, the token’s fortunes turned upwards once more, climbing from a price of $12.01 up to $13.38, marking 11.4% growth for the day.

Trade volume remained high all throughout the day for $OG, fluctuating between the $30 million and $40 million range. 

One third (33%) of the token’s trade volume came from one trading pair alone. The $OG/USDT pair on Binance was responsible for $12.2 million of the trades on the day, while the $OG/USDT pair on the HTX exchange accounted for 14% of the daily changeover, with $5.2 million worth of trades.

Other major venues for $OG trading included MEXC, Gate, BingX, Bitget, and BitMart, among others.

New $OG Spot Listing on MGBX and Historic Highs

Earlier this week the $OG token gained a new spot listing on the MGBX exchange, where it was paired with USDT, Tether.

Significant trading data is yet to emerge from the token’s new listing, but August has been a month of new highs for the $OG Fan Token, which represents the OG Esports team.

In August the $OG token was trending on CoinMarketCap after recording 128% in one week; 268% in one month; 330% in the previous quarter, and a total of 524% growth over the course of the year.

The $OG Fan Token now holds the largest market cap out of all the sports fan tokens, with only Alpine F1 ($ALPINE), Santos FC ($SANTOS), and AS Roma ($ASR) coming close.

However, the fan token landscape changes regularly in response to a range of factors, whether it be on-field performances, exchange listings, or general market sentiment. 

Right now the OG Esports team is running a seed program to try and unearth new Esports stars from the ground up, and is also holding open trials for the new Marvel Rivals game, for which it intends to enter official competition.

Greg Thomson: Fan Tokens Market Reporter