Argentina fan token dumps 50% despite World Cup win Argentina | .

Argentina fan token dumps 50% despite World Cup win

Argentina’s fan token ARG dumped over 50% of its value, trading for as low as $2.68 from over $6 in the last 24 hours despite the country winning the 2022 FIFA World Cup in Qatar, according to CryptoSlate data.

The drop in the fan token’s value is a surprise, as holders would have expected the victory to increase ARG’s value. It was unclear why the asset experienced a huge sell-off. The fan token had declined by over 30% during the early days of the tournament when Argentina suffered a shock defeat to Saudi Arabia. ARG shed over 60% of its value during the World Cup tournament.

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