The fan token of the Spanish national team collapsed by 48% after the defeat by Morocco

The defeat of the Spanish national team at the World Cup in Qatar brought down the team’s fan token (SNFT) — from above $0.09, it fell to $0.03 at the moment.

On December 6, Qatar hosted the match of the 1/8 finals of the 2022 World Cup between the national teams of Spain and Morocco. Luis Enrique’s team lost in a penalty shootout with a score of 0:3.

According to CoinGecko, SNFT has lost 48.1% over the past day. At the time of writing, the fan token is holding above the $0.048 mark.

This is not the first time that a fan token has reacted negatively to the results of a World Cup match. On November 18, the coin of the Argentine national team (ARG) was trading at above $9, and after losing to Saudi Arabia on November 22, it collapsed by more than 30%.

The victory of the Argentines on December 3 in the match against Australia did not return ARG to a noticeable growth. At the time of writing, the fan token is holding at just above $2.6.

The fan token of the Portuguese national team (POR) behaved similarly. On December 6, the team defeated the Swiss national team with a score of 6:1, but over the past day POR has fallen by 8.1%. Over the week, the drop was 31.5%, according to CoinGecko.

Chiliz Company, managing , cooperates with dozens of well-known clubs in various sports that release digital assets for their fans. The official and ambassador of the platform is the world-famous Argentine footballer Lionel Messi.