Paris Saint-Germain's Champions League victory "$PSG big dump", why did the fan token become a market harvesting machine?

Paris Saint-Germain won the Champions League, and the official fan token $PSG fell instead, revealing the phenomenon of "selling facts" in the crypto market and the volatility of fan tokens. (Synopsis: Liquidate your Crypto without paying taxes!) South Korea gives an ultimatum to 17 tax-owed cryptocurrency nationals) (Background supplement: 2025 latest "Cryptocurrency investor tax filing regulations: what is the difference between domestic and foreign income, virtual currency losses can be recognized as losses? Paris Saint-Germain FC managed to reach the top last weekend (31) by beating Inter Milan in the Champions League final. It was supposed to be a glorious moment for the team and supporters, but for investors who held the official Paris Saint-Germain fan token $PSG, the victory brought an unexpected loss in asset value. Not only did the price of the tokens of the champion team fall, but the Inter Milan fan token $INTER of the losing streak also fell sharply. This phenomenon reveals a common and important trading strategy in the cryptocurrency market: "Buy the rumor, sell the news". Fan token fell before and after the game After Paris Saint-Germain won the championship, the price of the official fan token $PSG did not rise but fell, and the price of Inter Milan's official fan token $INTER also fell sharply. These fan tokens are issued on the Socios platform through Chiliz technology to facilitate fan interaction, such as participation in limited governance decisions or exclusive experiences. According to the coin price, three days before the final, the $PSG token price fell by 26%, and the market capitalization fell from $25 million to $19 million. The $INTER token fell even more sharply, falling 44% over the same period, shrinking its market cap from $11.4 million to $6.4 million. Even if Paris Saint-Germain confirms its victory, prices $PSG continue to decline initially. Fan tokens: cannot reflect the real entertainment value The special positioning of fan tokens in the market: Although it has the function of fan interaction, it is more like a volatile micro-cap asset at the trading level, the price is much more affected by market sentiment and short-term trading behavior than the fundamentals, and there is still a short-term buying and selling phenomenon in the cryptocurrency market behind it, traders will buy assets in advance before anticipating a positive event (such as an important sporting event and optimistic about a certain team), and push up the price with market optimism. Once an event occurs, regardless of the outcome, traders sell their holdings to make a profit, and major events are clear catalysts for fan tokens, providing ideal conditions for a "sell good" strategy. Due to the small size and low liquidity of the fan token market compared to the mainstream cryptocurrency market, such concentrated buying and selling is more likely to cause sharp price fluctuations. This is not an isolated case, since Manchester City won the Champions League in 2023, fan tokens have also fallen by about 30% the next day $CITY, proving that this pattern is not uncommon after major events. The data also shows that in the weeks leading up to the final, $PSG tokens rose significantly, and the market capitalization once increased by more than 60%, confirming the existence of the "buy rumor" stage. Although prices may recover slightly in the short term after the game due to the attention generated by the win, the overall trend is still dominated by "selling facts". Paris Saint-Germain's victory in the Champions League final did not raise the price of its fan token $PSG. The market performance once again confirms the common "good selling" trading model in the cryptocurrency space: market participants push up the price before the event occurs, and sell it for profit after the event is realized. For fan tokens, although they carry fan emotional links, at the transaction level, they are more regarded as risk assets driven by short-term emotions and events, and there is still a lot to work on how to make fan tokens reflect the real sports and entertainment value, and have an additional effect on the fan tokens invested. Related stories Miner's dream country? Explore the full picture of cryptocurrency taxation and regulation in Iceland Brazil considers banning people from holding stablecoins on DEXs! Central Bank: Lack of Transparency Becomes a Tool for Tax Evasion and Money Laundering America's First Bitcoin Tax Evasion Conviction! The court ordered the surrender of $124 million BTC private keys and sentenced to 2 years in prison (Paris Saint-Germain won the Champions League "$PSG plummeted", why did fan tokens become a market harvester? This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".