Spain National Fan Token Slides 20% After UEFA Euro 2024 Win

Spain is reveling in the UEFA 2024 soccer championship victory, but the national team's official cryptocurrency, the Spain National Fan token (SNFT), is unenthused. On Sunday, Spain defeated England in the finals of the UEFA tournament, clinching a record fourth European Championship title as England's decade-long wait for a major tournament win continued. Still, the SNFT token has dropped by 20% to $0.024 in the past 24 hours and had a market capitalization of $565,000 at press time, according to Coingecko. The national team launched the SNFT token in 2021 in partnership with the Royal Spanish Football Federation and the Turkish blockchain platform Bitci.

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