Football fan tokens are a type of cryptocurrency that allows fans to interact with their favourite football clubs or players in new ways.
The Napoli fan token, one of these fan tokens, is recording significant drops ahead of a recent champions league clash that saw the team exit the competition.
Napoli lost to close rivals AC Millan whose token is relatively surging amid the progression amid what seemed a tough clash.
Napoli’s fan token had recorded a decrease of more than 3% ahead of the loss, as the trading volume surged by 230%. This represents the massive sell-offs currently being seen on the fan token’s network. The Nap token currently has a circulating supply of 1,650,686 NAP of the 10 million available tokens.
On the other hand, the Millan fan token is making significant strides as it sits on Napoli’s loss. Trading at $3.2 as of press time, the asset had recorded an increase of over 4.5% within 24 hours as football token lovers now flock to the token’s market with it recording a gain of 197% within 24 hours showing increased whale activity.