Argentina's World Cup Defeat Leads to Bulk Sale of ARG

After Argentina was defeated in the World Cup, which is now taking place in Qatar, most of the holders of the ARG fan token began to get rid of this digital asset. In the match against Saudi Arabia, the Argentines came up as a favorite, but unexpectedly for everyone they were defeated with a score of 1-2. This led to the fact that the fan-made ARG token began to quickly fall in price and lost 30% in value already.

In addition to being the favorites against Saudi Arabia, Argentina was also one of the main contenders for the Qatari World Cup 2022. This unexpected result fueled a further rapid decline in the fan token.

Well-known analyst Colin Wu noted that against the backdrop of a large decline in the ARG token, The Saudis non-fungible coins showed an almost directly proportional reverse performance. The cost of the Saudi Arabian token rose by 27%.

The match became interesting and unpredictable due to its beginning, which foreshadowed an easy victory for the Argentines. Lionel Messi was able to score a goal already in the 11th minute during a successful penalty. Most viewers were already looking forward to the victory of Argentina, but in the future, the course of events began to take on an increasingly unexpected turn. It happened in the second half of the game.

Although the second half opened with an advantage for Argentina, Feras Al-Brekani gave an assist to Saleh Al-Shehri, as a result of which Saudi Arabia was able to equalize already 3 minutes after the start of the second half of the match. Having entered the courage, the opponents of the Argentine team were able to repeat the successful attack 5 minutes later and Salem Al-Dawsari, playing as a midfielder, put an end to this confrontation, scoring the second goal for Lionel Messi's team.

Such an unexpected result created a certain resonance and social networks were filled with arguments about unforeseen circumstances, and crypto enthusiasts did not postpone the sale of the ARG token on the back burner and brought down the price of the token by 30% in a few hours. Before the defeat of the ARG, the cost of a fan coin was $7.34 per unit. At the time of writing, one ARG is valued at $5.62.