ARG Fan Token Soars 70% After Drake’s Bet Loss
- Argentina’s victory against Canada led fan token ARG to surge 61%.
- The token’s trading volume has soared over 586% in the last 24 hours.
Argentina beating Canada 2-0 in the Copa America semifinals has led the Canadian rapper Drake to lose his Bitcoin bet. The betting incident and Lionel Messi-led Argentina’s victory spiked the performance of this fan token in the crypto market. ARG, the national football team’s official fan token, has witnessed a considerable surge of over 70%.
Notably, the Argentine Football Association fan token (ARG) rose from $1.4071 to its 5-week-high of $2.3805 in the last 24 hours. ARG was up by 101% and 44% in the past week and month, respectively. However, the ARG fan token remains 74% down from its all-time high (ATH) of $9.1 during the 2022 World Cup. In June, the lowest price of the token recorded was $0.9068, as per CMC .
At the press time, the price of the ARG token was $2.25. The daily trading activity soared by over 586%, reaching a trading volume of $23.56 million. Its market value has increased to $27.71 million, the second-highest among soccer fan tokens, according to CoinMarketCap data.
ARG Price Chart (Source: Drake shared a post on Instagram betting $300K worth of BTC ahead of the match. He placed his stakes on his home country Canada to beat the Argentina National Football Team. The bet, if won, would have yielded a $2.88 million payout.
Following the victory, the AFA social media accounts took the chance to offend Drake using Kendrick Lamar’s diss track ‘Not Like Us, Not With Us.’ Moreover, Drake has a remarkable record of losing hundreds of thousands with his sports bets.
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