America

World

Bitcoin

Million

Drake

<ul>
 <li>Argentina’s victory against Canada led fan token ARG to surge 61%.</li>
 <li>The token’s trading volume has soared over 586% in the last 24 hours.</li>
</ul>
Argentina beating Canada 2-0 in the Copa America semifinals has led the Canadian rapper Drake to lose his Bitcoin bet. The betting incident and Lionel Messi-led Argentina’s victory spiked the performance of this fan token in the crypto market. ARG, the national football team’s official fan token, has witnessed a considerable surge of over 70%.
Notably, the Argentine Football Association fan token (ARG) <a href="https://thenewscrypto.com/argentina-witnesses-surge-in-crypto-adoption-amid-soaring-inflation/" target="_blank" rel="noopener noreferrer nofollow">rose</a> from $1.4071 to its 5-week-high of $2.3805 in the last 24 hours. ARG was up by 101% and 44% in the past week and month, respectively. However, the ARG fan token remains 74% down from its all-time high (ATH) of $9.1 during the 2022 World Cup. In June, the lowest price of the token recorded was $0.9068, as per <a href="https://coinmarketcap.com/currencies/argentinefootballassociationfantoken/" target="_blank" rel="noopener noreferrer nofollow">CMC</a>.&nbsp;
At the press time, the price of the ARG token was $2.25. The daily trading activity soared by over 586%, reaching a trading volume of $23.56 million. Its market value has increased to $27.71 million, the second-highest among soccer fan tokens, according to CoinMarketCap data.
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXc8jxfcRTEVA-NySmjtf_KkjZqthmd3Ff9l76btVPyzXbw8oFMuNVt9mofU23Sl2EGifhD7a7pG8WXy8eo8hsKl9S9Id-F1lSz---XUHWZofz879DqgG3wLHgX10pYfbC8hYM9IN-5hKnxAAY7U7nm7jz7V?key=-Y3AIa96c5EsT2yC0nKEdg" alt="">
 <figcaption class="wp-element-caption">ARG Price Chart (Source: TradingView)
 </figcaption>
 </figure>
</div>
Drake shared a post on Instagram betting $300K worth of <a href="https://thenewscrypto.com/argentina-witnesses-surge-in-crypto-adoption-amid-soaring-inflation/" target="_blank" rel="noopener noreferrer nofollow">BTC</a> ahead of the match. He placed his stakes on his home country Canada to beat the Argentina National Football Team. The bet, if won, would have yielded a $2.88 million payout.&nbsp;
Following the victory, the AFA social media accounts took the chance to offend Drake using Kendrick Lamar’s diss <a href="https://x.com/AFASeleccionEN/status/1810857896940290442" target="_blank" rel="noopener noreferrer nofollow">track</a> ‘Not Like Us, Not With Us.’ Moreover, Drake has a remarkable record of losing hundreds of thousands with his sports bets.&nbsp;
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ARG Fan Token Soars 70% After Drake’s Bet Loss

TheNewsCrypto

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