The fan token trade volume has exceeded $1 billion in the last 24 hours, with a remarkable surge led by OG Esports. According to CoinMarketCap, the trading volume for fan tokens skyrocketed by 219.98% to reach an impressive $1.08 billion. Additionally, the market capitalization of the entire fan token category increased by 15.94%, totaling $348.5 million.
Most of the trading activity came from the OG Fan Token, which is associated with the European Esports team OG. Over 51 million OG tokens were traded in the past day, amounting to a staggering $563 million. Notably, around $282.33 million was traded on the OG-USDT pair on Binance, surpassing the trading volumes of major cryptocurrencies like Toncoin and Cardano on the exchange.
The price of the OG token increased dramatically by 87% in the last 24 hours and approximately 245% in the past week, now trading at $10.50. Other sports fan tokens also experienced significant price growth, with Santos FC’s fan token rising 58% to $4.59 and the Alpine F1 team fan token increasing 23.65% to $1.54.
Fan tokens are a type of cryptocurrency that empowers sports fans to engage in decision-making for their favorite teams or leagues. These digital assets often provide exclusive benefits, including voting on team merchandise and participating in special events.
