The tokens are becoming less and less reactive to the success of their associated teams
Contrary to what one would usually expect, the cryptos imitating national football teams have lost a major chunk of their value since the start of FIFA World Cup 2022.
The associated crypto fan tokens between Spain, Argentina, Portugal, and Brazil, have fallen by 60 to 90 percent in value since the World Cup started on November 20, despite Brazil, Portugal, and Argentina reaching the quarter-finals. Spain too was a strong contender until December 6, when they got knocked out.