Argentina national team fan token plunges after Saudi Arabia win

Saudi Arabia’s national team defeated Argentina 2-1 in the opening group-stage match at the 2022 FIFA World Cup. In the wake of the favourites’ upset, the ARG fan token fell by roughly 20%.

On the eve of the match, the token issued on the Socios platform traded near $7. As of writing, quotes hovered around $5.42, after briefly dipping to $4.96.

In the wake of Argentina’s surprise defeat, the floor price of the NFT collection The Saudis rose by 27.34%. The daily trading volume of the tokens surged by 1,847%.

the Chiliz company, which operates Socios.com, collaborates with dozens of well-known clubs across various sports that issue digital assets for their fans. The platform’s official figure and ambassador is the world-renowned Argentine footballer Lionel Messi.

Earlier in March, the operator of the Socios platform launched the testnet of the Chiliz Chain 2.0 blockchain.

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