PANews reported on May 9 that according to InvestX, despite Paris Saint-Germain (PSG) winning a crucial victory in the Champions League, its fan token $PSG plummeted by more than 16% on the Binance platform, with the decline mainly occurring within a few hours after the game. Analysis pointed out that this phenomenon of "selling after the good news is realized" stems from the trading strategy of "buying expectations and selling facts", where speculators bought in large quantities before the game and quickly took profits after the results were announced. In addition, low liquidity and speculation-led also exacerbated token volatility.
Paris Saint-Germain wins and advances to the Champions League final, fan token $PSG falls more than 10%
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