Juventus Fan Token Skyrockets 200% as Tether Invests in Football Club
Tether, the world’s largest stablecoin issuer, has invested in Italian football giant Juventus FC, triggering a massive rally in the club’s crypto fan token (JUV) and sparking a broader surge in the fan token market.
Following the announcement, JUV surged over 200% before retracing slightly, maintaining a 120% gain over the past 24 hours. The bullish momentum extended beyond Juventus, with other football-related tokens also seeing strong upward moves.
The S.S. Lazio Fan Token (LAZIO) spiked 11%, while the FC Porto Fan Token (PORTO) climbed more than 10% on the day. Other European club tokens, including those linked to Tottenham Hotspur, Paris Saint-Germain, and Napoli, also posted notable gains as investors reacted to the news.
