PSG Fan Token Jumps 25% as Football Club Triumphs Over Barcelona

Football
club
Paris
Saint-Germain’s
fan
token
PSG
spiked
Tuesday
as
the
French
team
secured
a
4-1
victory
over
rival
Barcelona
in
the
UEFA
Champions
League
quarterfinal.

The
token
jumped
as
much
as
25%
after
a
blistering
rally
that
began
with
PSG’s
first
goal
early
in
the
first
half.
It
kept
climbing
until
around
midway
through
the
second
half,
reaching
$5.20
before
selling
off
somewhat
going
into
the
victory.

Meanwhile,
the
fan
token
for
Barcelona,
BAR,
fell
as
much
as
4.2%
on
Tuesday
after
the
defeat.

Despite
the
rally,
PSG’s
token
failed
to
hold
firm
above
the
$5
level
it
enjoyed
as
recently
as
April
12,
according
to
CoinGecko.

PSG
is
one
of
a
smattering
of
“fan
tokens”
issued
for
sports
clubs
by
the
crypto
company
Socios.
Holders
of
the
asset
get
to
influence
certain
decisions
at
the
club,
according
to
its

website.