Paris Saint-Germain Fan Token (PSG) Soars Following Potential Lionel Messi Signing

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In Brief
  • PSG token climbed over 100% in four days following Messi signing reports.

  • The official token of PSG has reacted positively to the potential signing of the world-class player.

  • Chiliz CEO believes “fan tokens represent fan sentiment.”

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The Paris Saint-Germain Fan Token (PSG) has seen a significant price surge following news that ex-Barcelona player Lionel Messi will be joining the French outfit.

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One of the world’s best footballers will be leaving Barcelona Football Club. The recent news was confirmed by both Lionel Messi and the player’s now ex-club.

Messi had spent roughly 21-years with Barcelona, with the club confirming last week that they could not honor a new deal for the Argentina player, due to football regulations surrounding wage budgets. The six-time Ballon d’Or winner is now lined up to sign for one of the richest clubs in the industry. Paris Saint-Germain look set to offer the Argentine a lifeline.

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Currently, Messi is one of the greatest football players to grace the sport. His current wage requirements would mean only a handful of clubs would possibly be able to sign him. 

While news suggests Messi could be singing for PSG, nothing is confirmed yet. Following his emotional press conference on Sunday, the striker commented on his future, saying, “When the press release was published, I had a lot of calls and a lot of clubs were interested. At the moment, I’ve not got anything closed, but we are talking about a lot of things.”

PSG fan token reacts 

Currently, PSG look favorites to sign the Argentine. This has reflected positively on the PSG token. Chiliz PSG fan token has rallied over the last four days following the announcement that Messi will be leaving. 

The PSG token climbed from $21.95 on Thursday and has been climbing ever since the news broke that Messi could reportedly join the French champions. The price hit a three-month high of $44.97 on Sunday as reports continue to indicate the move to PSG. The price surge saw PSG climb over 100% within the last few days. 

Source: Tradingview 

CEO of Chiliz, Alexandre Dreyfus, commented on the PSG price action, saying in a recent tweet, “Fascinating. The PSG token up 40% following the rumor of Lionel Messi joining the club. Fan Tokens represent Fan Sentiment. Clearly more fans and users of Socios are interested.”

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Ryan is a Fintech specialist with a passion for cryptocurrencies and blockchain adoption. A keen trader and investor in the market since 2016, he enjoys keeping up to date with the latest developments within the industry while finding the next 100x altcoin.

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