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The market is in red today but football tokens like Santos and every other are pumping on binance exchange, is there something going on with soccer right now? I am not a fan but I am just curious to know.

https://i.imgur.com/FMetHlN.jpeg

Perhaps because of the recent joke about Manchester United^[1]? I don't know, but it is stupid to invest in such tokens that have no value outside the platform and have no real use and do not represent the value of those sports teams, although I am puzzled how binance manages the legal aspects of such tokens/NFTs derived from real things.

[1] https://www.cnbc.com/2022/08/17/manchester-united-shares-rise-after-elon-musk-jokes-about-buying-the-club.html

Its like season of sports token which is quite dangerous to get involve with. As you can see,  its like Binance have some sort of season where same classes of tokens pump and also dump so its kinda scary to ride it without associated with such high risk attitude. Some probably are taking advantage of it and gonna do a massive dump after they got their profits straight.

We will see more pumps from fan tokens before the World Cup 2022.

Binance is very active to cooperate with soccer clubs from Europe to America continents. The Word Cup will not a big event and gives them big reasons to pump fan tokens.

Fan tokens will be very good for your portfolio this year but I don't advice to buy them now, today after they pumped crazy already. Wait and find other opportunities when they are in red and accumulate them.

Is this just a form to attract investors, then the pump that was made will disappear. In fact, sports token investors are very competitive, of course, the fans of the club might. I also want to avoid these tokens, which are unwanted things, of course the current season is still a bear altcoins

I think maybe this is because the league has started,
both in the premier league, seria a, bundesliga and LaLiga all have taken place,
and of course the hype comes by itself, but indeed, Fan Token is almost like memecoin, the risk is too big,
for me, I still think twice about investing in it

When the price of top coins drops, the pump of other, lesser-known coins begins. Personally, I am afraid to invest in coins like SANTOS when 95% of the trading of this coin is on binance and it is a token on the binance smart chain. It is impossible to predict the price, it can change in any direction.
https://www.coingecko.com/en/coins/santos-fc-fan-token#markets

As the world cup gets closer to start time my guess is that the publicity will have an effect on price.  More news more buying.  Literally makes zero sense but that's the crypto world we live in right now lol.

The only explanation I'd come up with for this bizarre scenario: Investors try to hoard any soccer tokens available on the market base on the outlook of the new season of major leagues around the EU start to warn up. This seems reasonable since seasons in 2020-2021 are all plagued with covid, low revenue reported from many teams. And since all soccer tokens are the low cap coins, very easy to pump it up if there is a strong interest in the coin.

Santos, useless shitcoin, pomped by whale manipulation by XXX% and market did what it always does. Bought the rest of football shitcoins hoping they will pump too as hard as santot did. Just like when doge pumped sooner or later all meme coins pumped. We've seen it played out many times. Buy a little bit of each shitcoins of the same type. Pump one of them thanks to low liquidity and take profit on all of them. I would not touch it.

I'm not sure if traders start to believe in these fan tokens, the increase in these fan tokens seems to be purely from the hype that is happening. As we know that the big leagues in Europe have started, and this is the real driver of the hype. There is no reason to have more faith in various fan tokens, these tokens have no clear utility.

Yes, I thought so too, this hike seemed unnatural and like being pumped on purpose by the whales. Should be more careful to invest in these coins, because the price could drop significantly.

Hype and Shill due to the World Cup series on football. This fan token is useless which I can’t find any reasonable explanation why people are still buying this token without considering the risk involved. There’s no way that they are buying just because they are a fan of that sports team but rather they are just riding the hype and it cause a ripple effect to all fan token. Don’t ever consider buying this ticking time bomb coin because they will surely suffering huge loss on the upcoming days once there’s no new buyer fueling the hype pump.

I purchased once of this tokens but during the IEO on binance and I never do it again because the value sharply drops within a day after listing.

Is there anything connecting these tokens to the real-life soccer clubs? How come they are all listed on binance exchange if they are crap projects?

Well maybe because the new season has kicked off and many matches are trending this could be a possibility but regardless I would consider it a fake pump, I am not big time into Alt-coin in general and definitely I won't look into soccer coins (project) I really don't see it's utilities especially when am not even a fan of the team Although I think soccer clubs can be more successful if they focus on NFT market place especially big clubs with history.

Pump and dump drastically happened with soccer token, last days Santos reaching almost 18$ based on OP picture but I check few minutes last Santos coin have drop drastically until $10. Usually with soccer token pumping have good news about their soccer team it self like Santos maybe have new recruitment on window transfer. But I don't see about Santos as favorite soccer team and not really famous, I think with drastically pump and dump not really recommended for trading or investing with soccer tokens and looks very risk when you try buy one of soccer tokens. Today I checked all soccer tokens have been dump although with soccer token support by Binance Lazio coins, I think keep away with soccer token is better than taking risk and afraid price drop again with all soccer token.

I feel that the altcoin pump on binance is structured and systematic, because I also saw that a few days ago altcoins were pumped based on their value, such as altcoins around the price of 0.2 so their value increased by more than 30% on same day.

The more risky a project is the more bigger your reward will be but if I have to invest in such project I will make sure they lose 98% of their value first, this way I will have a peace of mind and the chance of recovery will be high.

I'm not a real fan of these soccer tokens, seems like the Gambling Mafia is tying its hands on the crypto sphere :-)

^ It could be this is the main reason why these coins pumped too much and another factor could be, that it is just easy for this coin to manipulate the price because of the low volume. I am not a fan of this token investment because usually if they are not worth it to invest in the long term. It seems you gamble your money, it is very risky because the price of tokens usually suddenly pumps and when it has a correction, it will never come back, and that ios a start they will become a scam.

Sometimes, the reason is not really certain. But I do agree that probably it may relate to Elon Musk's tweet Or it is because the league right now has been started. So, many people start concerned with soccer tokens. So far, there are certain coins that are pumping, but I am not sure that the pump will be there for a longer time. This is probably only because of hype or certain short infleunce. That is why it is better to be more careful and wise to face this increase. Utilize whatever the chance, no hurry and panic to face it.

be very cautious with these tokens as this hype is usually short-lived. and then what? you have no idea when will the pump happen again. you have no assurance of how to get profit from these tokens. better look for projects that have more solid market application. but if you are a holder and you are in profit right now, maybe think of selling it while you are at positive.

This too is a kind of manipulation of the respective tokens. As more are into the discussion about the FIFA, something related to it will be manipulated to grab the attention of the fans. Among the list of soccer tokens few seems to have good volume. This will continue for some time period. Maybe through the days of FIFA, but the variation won't be big as we see with other cryptocurrencies. There'll be small variation and the same drops and bumps.

So they just pumped when they feel like? What about in last bull market? I thought all coins and tokens pump in every bull market even if they are shit projects? The most confusing part is all those clubs supports these token, this mean they are legit.

That's interesting. For those who already know the cycle of those seasons, they will buy early before the pump starts and then sell before everybody notices it as the price will probably dump later on. This kinda reminds me of the late meme coins that whenever there is a popular subject (animal, thing, person, etc) a coin will then came out having that same theme.

For us that are sceptical about it, better if we stay away from it but for some that are bored and want's to play some games while waiting for the bull run, then they can try investing on those coins and see if they can gain something or not. Spending a few dollar's won't hurt a lot even if they lose it. It is like playing a gambling.

Definitely related to the upcoming world cup season in November. The market is bleak and there is no more valid reason than using WorldCup news to hype soccer tokens-related projects for profit.

These tokens are of little interest and low cap so it is easy to the hype, they are no different from meme tokens so be careful when investing in them. It is suitable for speculation if you are interested in football, it is worth trying now.

Of all the posts I'm interested in this thread, but I just found out there is a soccer token, and it's a joke and similarly I saw a few Manchester United games a few days ago, and now see that there is a stock regarding the price of soccer tokens, will it there are fans about the token !!

I've known these tokens since harmony and matic came into crypto space years ago and listed on Binance exchange, if these are shit tokens I believe CZ won't allow them on Binance exchange, there is something we don't know for sure, also these tokens always have good pumps every year.

it seems that I don't see any grandiose events in football in the near future, I don't see any point in investing in such coins, you just need to be a good fan of one or another football team that has coins, that's all.

soccer token pumping because of the news about CHZ partnering with socios,
maybe that's the reason for the Fan Token pump, and also for no other reason other than because of the good news,
so lucky if you are one of those who hold tokens like Porto, Lazio, even Santos which goes up to 100% more

did you miss the biggest football event on the planet coming up, the world cup taking place in November this year is eagerly awaited by everyone? i guess it's because that news triggered a flurry of mass-pumped soccer tokens

i see very few people interested in these tokens other than fans of football teams, i think it will get more hyped as the biggest football day is approaching

As others have said it is due to:

1. Hype
2. FOMO

But if you are going to look closely, that it offer something unique, a utility or something? the answer is none, so it's obvious that another pump and dump is happening on the soccer tokens. Although this could be good for soccer and crypto fans, because they have the background and up to the date on the sport and could take advantage and make some money for them, so it's a win-win situation.

Having some of these tokens is just like proving that you are a worthy fan of the club, this token has no utility or use case for the masses, it's like a badge, I support all those saying it's based only on hypes and Fomo.

well if someone said fc barca would use their token..it's already significant news for sports tokens.
Like it will make a listing on binance, it's become major catalyst for a token to go up

Football leagues have just started all over the world and especially in Europe. Fans may be interested in tokens. Football teams may be advertising the tokens. In short, anything can happen, but the most powerful possibility is the pump game of whales. :) Actually, I trust the fan token concept a lot, but they don't have enough use yet. I think they have high potential and wide usage areas. They can have a much better concept with better activities.

Sports and leagues are everywhere including the World cup so traders and investors believe that the said coins could possibly get influenced by these events. Seasons like this usually occur during the activeness of leagues especially now that the pandemic is almost over but I don't think these coins would pump continuously so I still find it too risky to buy them.

Maybe this is the right moment to create football-related tokens considering that the world cup will soon be taking place, and maybe there are indeed many football fans who are interested in football tokens.

I guess it is largely because it's football season once again and a lot of supporters are buying their teams token.  I guess that's why. But anyway, it just a wild guess. But obviously, the coins are pumping because they are having more buyers than sellers.

Why dont you just read few pages back and see the real reason of soccer tokens pump? Once again, it is due to Elon Musk and people who find everything he say as an investment advice. He has tweeted, that he is planning to buy Manchester United football club and instantly clubs share value pumped. This pump has triggered football altcoins price increase. Next time you see weird altcoin being pumped, start with checking Elon Musk twitter.

It is true that Elon tweeted that he wanted to buy Manchester United, but he quickly responded by saying that it was just a joke. I think the recent soccer token hype is not due to Elon at all.

I tend to think that the hype surrounding soccer tokens is due to the fact that the biggest sporting event on the planet, the WorldCup, is fast approaching and its heat is spreading rapidly. I don't think Elon still has that much influence.

All football tokens are used in real life, as they provide various privileges, such as match tickets, access to promotional offers, meetings with idols. In addition, some clubs provide for the possibility of voting for holders of fan tokens on secondary decisions of the club. You can read more about the advantages of the fan tokens here: https://academy.binance.com/en/articles/what-are-binance-fan-tokens

It was reported on the forum that, thanks to a tweet by Ilon Musk, the Manchester United fan token has grown a lot. After that, there was a wave of similar pumps. It's hardly related to any soccer events. Don't forget that fan tokens are low capitalization cryptocurrencies and are very easy to pump, they are perfect for pump & dump schemes.