PSG price resumes rally to all-time highs as Lionel Messi officially joins Paris Saint-Germain

The fan token had earlier dropped by almost 40% after hitting a record high of $61.50 amid speculations that Lionel Messi would join French club Paris Saint-Germain. 

PSG, a fan token launched by Paris Saint-Germain, resumed its uptrend on Thursday after Argentinian football superstar Lionel Messi confirmed that he was joining the French football club.

The PSG/USD pair jumped by 10.57% to hit an intraday high of $41.90. The pair’s latest upside move followed an almost 40% bearish correction from its all-time high of $61.53 achieved on Tuesday amid speculation that Messi would sign a multi-year contract with Paris Saint-Germain. 

“Paris Saint-Germain is a possibility, yes,” Messi stated during his emotional farewell address after ending his 19-year stint at FC Barcelona on Sunday. However, he added that “nothing is confirmed” and that he is still talking about the possibility of joining Paris Saint-Germain.

The cost to purchase one PSG token almost doubled after Messi’s public address. It later corrected due to what appeared like profit-taking but resumed its bull run entering the Thursday session, almost a day after Messi finalized his two-year contract with Paris Saint-Ge rmain.

Moreover, Paris Saint-Germain revealed that the 35-million-euro-per-season financial package to Messi would also include payments in PSG fan tokens. The news service cited sources from the football club, claiming that PSG would be a part of Messi’s “welcome package,” provided by Socios.com, the club’s fan token provider.

Socios’ own in-house currency, Chiliz (CHZ), rallied 12.30% to reach $0.368 for the first time in almost two months after the Messi-PSG news broke out.

1 comments

Dansaurayii

3 months ago

Good news