After a muted initial reaction to Paris Saint-Germain’s historic Champions League victory, the club’s official fan token (PSG) is finally showing signs of life.
As of June 2, the PSG token is trading at $2.21, up 10.56% on the day, according to CoinMarketCap data. The spike follows a brief dip post-final, when the token failed to move meaningfully despite the club capturing its first-ever UCL title.
At its intraday high, PSG touched $2.36 before retreating slightly pushing the token’s market cap from $18.2 million to over $20.5 million, reclaiming levels lost in the days leading up to the final. Interestingly, trading volume has dropped 15.7% to $35.27 million, indicating the price movement is likely being driven by fewer, but more decisive, buyers.
Paris Saint-Germain Fan Token price action before UCL final
In the days before the match, the token had climbed as high as $2.79 amid fan speculation and bullish sentiment. However, after the win, the token inexplicably slid down over 20% in a week leading crypto analyst Devchart (200k followers on X) to post:
“Bro wth, PSG finally wins the Champions League and the fan token didn’t even move???”
That sentiment echoed widely among traders expecting the kind of sustained rally that typically follows major sporting achievements. But the token’s delayed response may reflect broader disillusionment around the utility of fan tokens, or a simple case of “sell the news” after anticipation had already been priced in.
Still, today’s bounce shows that there may yet be value in PSG’s crypto asset, especially with the club now basking in global spotlight and likely to drive further fan engagement.
Featured image via Shutterstock
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