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The Santos FC Fan Token (SANTOS) experienced a remarkable 19% price surge following hints about Neymar's potential return to his former club, signaling renewed investor interest in the sport-backed cryptocurrency.
Will Santos FC Fan token's surge trigger-profit taking among investors?
Santos FC Fan Token nabbed substantial investor attention on Monday as SANTOS price extended intraday gains to over 100% amid a major exchange listing. Notably, with the crypto exchange giant Binance revealing listing for the token, bullish market sentiments appear to have engulfed the fan crypto.
The fan tokens in the digital asset space achieved a trading volume of $1.2 billion followed by a massive 300% surge.
Bithumb has announced new Investment Warning designations for SANTOS, PORTO, and LAZIO tokens due to low liquidity and manipulation risks.
Top crypto exchange Binance is set to delist 25 Binance USD trading pairs. Binance Margin, a service on Binance that gives traders access to margin trading of crypto assets, will be delisting 25 BUSD pairs.
The upcoming soccer “holiday” appears to have uplifted the ongoing misery in the crypto market due to FTX collapse. The tokens of several national teams are showing incredibly strong price movement just two days before the FIFA World Cup 2022, which will be contested this winter in Qatar.
It has been evident that the cryptocurrency market has been trying to regain price and trading volume over the past couple of weeks.
While the cryptocurrency market is showing movement in prices, the industry seems to have become even more unpredictable.
Fan tokens have carved their own niche in the crypto scene.
