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Argentina won the 2022 FIFA World Cup in Qatar, but a fan token connected to the team is collapsing.
The Argentine Football Association Fan Token, offered through partnerships with Socios, jumped to $6.40 on Dec. 18, the day of the FIFA World Cup Final, before falling 58% to $2.67 on Dec. 20.
The Argentina fan token offered through partnerships with Socios crashed 23% over the past day. The token was changing hands for around $7.20 before kick-off in Argentina's first fixture of the FIFA World Cup. However, following Lionel Messi and company's surprising loss, the token plunged 30% to $4.96. The token was trading at $5.29 at 10:00 a.m. ET.