Lionel Messi Sends PSG Fan Token Soaring 31%: What You Need To Know

Paris Saint-Germain Fan Token (CRYPTO: PSG) traded 36.64% higher over 24 hours to $40.86.

What’s Moving: The fan token for the professional football club rose 81.29% over a seven-day trailing period.

Against Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), PSG traded 38.41% and 44.01% higher, respectively.

PSG was among the trending tokens on a list compiled by CoinMarketCap at press time.

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Why Is It Moving? On Sunday, Argentine football player Lionel Messi, who has spent his entire career with Football Club Barcelona, was said to have reached a deal with Paris Saint-Germain, according to an ESPN report.

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Messi has been a free agent since his contract with Barca expired on June 30. At a press conference on Sunday, Messi bade an emotional farewell to his former club but did not confirm the move to Paris Saint-Germain.

“[PSG] is one possibility,” said Messi — adding, “There's nothing closed at the moment, but we're talking about a lot of things,” reported ESPN.

Chiliz (CRYPTO: CHZ) a blockchain project that specializes in the creation of fan tokens bounced in March after Paris Saint-Germain progressed to the quarter-finals of the champions league. At press time, CHZ traded 4.89% lower at $0.27.

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