Argentina Football Association token (ARG) has dropped by 32% after the national team lost 2-1 in a shocking match against Saudi Arabia at the FIFA global championship in Qatar. According to CoinMarketCap, the ARG token went from $7.5124 before the match to $5.1019 following the Albiceleste defeat. The token has since recovered slightly to around $5.20.
The ARG token was created by Chiliz, a company that has been expanding its partnerships with major football clubs and sport celebrities to engage fan communities in their favorite clubs’ lives. Socios.com app provides token owners with access to voting rights in polls, VIP rewards, exclusive promotions, AR-enabled features, chat forums, games and competitions. Legendary player Lionel Messi is an official ambassador for the platform.As DeCrypt reports, Saudi Arabia’s victory has also stirred the market a little: an Ethereum NFT collection called The Saudis—which was launched back in July and has no affiliation with the football team—saw an uptick in sales. After Saudi Arabia won, 52 NFTs sold from the collection on OpenSea for an average of 0.2 ETH each, which is about $280.