{"id":71116,"date":"2022-12-07T11:59:32","date_gmt":"2022-12-07T09:59:32","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=71116"},"modified":"2025-09-08T06:25:28","modified_gmt":"2025-09-08T03:25:28","slug":"spain-national-team-fan-token-plunges-48-after-defeat-by-morocco","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/spain-national-team-fan-token-plunges-48-after-defeat-by-morocco\/","title":{"rendered":"Spain national team fan token plunges 48% after defeat by Morocco"},"content":{"rendered":"<p>Spain&#8217;s World Cup defeat in Qatar sent the team&#8217;s fan token (SNFT) plunging from above $0.09 to $0.03 at one point.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">In Spain without the S? \ud83c\uddea\ud83c\uddf8\ud83e\udd72<\/p>\n<p>Spain National Fan Token <a href=\"https:\/\/twitter.com\/search?q=%24SNFT&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$SNFT<\/a> slumps 42.8% after Spain&#8217;s defeat to Morocco in a penalty shootout, 3-0, at the <a href=\"https:\/\/twitter.com\/hashtag\/FIFAWorldCup?src=hash&#038;ref_src=twsrc%5Etfw\">#FIFAWorldCup<\/a> <\/p>\n<p>\ud83d\udcc9: <a href=\"https:\/\/t.co\/pWiTCIXUTk\">https:\/\/t.co\/pWiTCIXUTk<\/a> <a href=\"https:\/\/t.co\/6ScpjUWtLN\">pic.twitter.com\/6ScpjUWtLN<\/a><\/p>\n<p>\u2014 CoinGecko (@coingecko) <a href=\"https:\/\/twitter.com\/coingecko\/status\/1600195273640189953?ref_src=twsrc%5Etfw\">December 6, 2022<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>On December 6 in Qatar, the Round of 16 match at the 2022 World Cup between Spain and Morocco took place. Luis Enrique&#8217;s side lost the penalty shoot-out 0-3.<\/p>\n<p>According to CoinGecko, SNFT fell by 48.1% over the last 24 hours. At the time of writing, the fan token remained above $0.048.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh6.googleusercontent.com\/XKpRAu8ZLK9PHHezFq9Qu4ZucHUlK1vfj6nPDFY2hmaEQX7FROtLH4ScubLZevTbC9d5oC5s1UjFWYRWrgIiS53b-2R4qVFCufcdJSZ135t04c2R9iR8ao-UUHxfWOinrPo3-uOgS2dsZbKlIh7AQhYhs3RiNN1Xerq_2UDpS0PSotljS5fzIkNL_zrV9w\" alt=\"Spain national team fan token plunged 48% after defeat to Morocco\"\/><figcaption>Hourly SNFT\/USDT chart on MEXC. Data: <a href=\"https:\/\/www.tradingview.com\/symbols\/SNFTUSDT\/?exchange=MEXC\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>This is not the first time a fan token has reacted negatively to World Cup results. On November 18, the Argentina national team coin (ARG) traded above $9, and after Saudi Arabia&#8217;s defeat on November 22 it <a href=\"https:\/\/u1f987.com\/en\/news\/argentina-national-team-fan-token-plunges-after-saudi-arabia-win\">slumped<\/a> more than 30%.<\/p>\n<p>Argentina&#8217;s 3 December win over Australia did not bring ARG back to a meaningful rise. At the time of writing, the fan token stood just above $2.6.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh3.googleusercontent.com\/gMUv7IBvG5BqULMMfmI17OOtU1RF7tVK5Csj_5yx8Nhfc25-G12g8l_g86P4rAd9xjMtdM55Y60rduqIY3SCwTcqPLF8buEpgGidvlasQ1ZfKUySHCiLCjEfWO7NkzYIbilmg_aDH98Rjg1i0_JEJcN29WGJxh7S44xfhB9MMjUI5OLH53-86T2Pn9rZaA\" alt=\"Spain national team fan token plunged 48% after defeat to Morocco\"\/><figcaption>Hourly ARG\/USDT chart on OKX. Data: <a href=\"https:\/\/www.tradingview.com\/symbols\/ARGUSDT\/technicals\/\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>Similarly, the <a href=\"https:\/\/u1f987.com\/en\/news\/portugals-national-football-team-to-launch-fan-tokens\">Portugal national fan token<\/a> (POR) behaved similarly. On December 6, the team crushed Switzerland 6-1, but POR fell 8.1% in the last 24 hours. For the week, the decline stood at 31.5%, according to CoinGecko.<\/p>\n<p>Chiliz, the operator of Socios.com, works with dozens of major clubs across various sports that issue digital assets for their fans. The platform&#8217;s official face and ambassador is the world-famous Argentine footballer Lionel Messi.<\/p>\n<p>Back in March, the Socios platform operator <a href=\"https:\/\/u1f987.com\/en\/news\/socios-platform-operator-launches-testnet-for-chiliz-chain-2-0\">launched<\/a> the Chiliz Chain 2.0 blockchain testnet.<\/p>\n<p>Read ForkLog&#8217;s bitcoin news on our <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Spain&#8217;s World Cup defeat in Qatar sent the team&#8217;s fan token (SNFT) tumbling from above $0.09 to $0.03 at one point.<\/p>\n","protected":false},"author":1,"featured_media":71117,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[741,828],"class_list":["post-71116","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-spain","tag-sports"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/71116","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=71116"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/71116\/revisions"}],"predecessor-version":[{"id":71118,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/71116\/revisions\/71118"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/71117"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=71116"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=71116"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=71116"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}