Drake Loses Bitcoin Bet Following Canada’s Copa America Exit, ARG Fan Token Soars 40%
2024年7月11日 - 11:00AM
NEWSBTC
Canadian rapper Drake lost another Bitcoin bet after Argentina beat
Canada 2-0 in the Copa America semifinals. The Argentine Football
Association (AFA) fan token soared over 40% following the victory.
Related Reading: Football Takeover? Solana-Based Token Skyrockets
350% Following Messi and Ronaldinho’s Promotion Bitcoin Bet Lost:
Did The ‘Drake Curse’ Do It Again? On Monday, Drake shared on
Instagram that he had bet against the Argentina National Football
Team. Ahead of the match, the rapper placed a $300,000 bet in
Bitcoin that the Canada National Football Team would defeat the
World Cup champions 1-2. Drake also teased the Argentine fans,
saying, “This could get Messi.” If realized, the Canadian rapper
would have received a $2,880,000 payout in Bitcoin. Canada reached
the semifinals after beating the tournament’s revelation, the
Venezuela National Football Team, in penalties. Meanwhile, the
current World Cup champions also beat Ecuador in penalty shootouts.
Drake’s bet resulted in a loss after Argentina knocked Canada out
of the Copa America. Following the victory, the AFA social media
accounts took a jab at the rapper using Kendrick Lamar’s diss track
‘Not Like Us.’ Nonetheless, this is not Drake’s first rodeo with
Bitcoin bets. Football watchers and the crypto community joked that
the ‘Drake Curse’ continues after the loss. The Canadian rapper has
a track record of losing hundreds of thousands with his sports bets
and ‘cursing’ the teams the shows support. Despite this, the rapper
has also received profits from his crypto bets. He bet $1.15
million in Bitcoin in favor of the Kansas Chief’s victory in this
year’s Super Bowl. The victory resulted in a return of $2.35
million in flagship cryptocurrency. ARG Fan Token Soars 40% Another
victor was the Argentine Football Association Fan Token (ARG). The
token saw a remarkable performance after Argentina booked its pass
to the Copa America final. ARG’s price registered red numbers ahead
of the match as the token traded at $1,13 on Tuesday afternoon.
This performance represented a 4.4%, 4.8% decrease in the daily and
weekly timeframes. The token also exhibited a 35.6% price decline
from the previous month. After Argentina beat Canada, the fan
token’s daily trading activity skyrocketed 227%, reaching a trading
volume of $5.2 million. Before the match, ARG’s trading volume was
around $1.4 million, according to CoinGecko data. On Wednesday
morning, ARG surged 41%, briefly hitting the $1.6 mark before
retracing. As of this writing, the token hovers between the
$1.55-$1.59 price range. The recent performance represents a 35.7%
and 120% increase in the weekly and yearly timeframes. However, the
ARG fan token remains 81% down from its all-time high (ATH) price
of $9.1 during the 2022 World Cup. Related Reading: Notcoin Rises
80% Over The Weekend, Is A NOT Explosion Coming? Similarly, the
Spain National Football Team fan token (SNFT) saw a 10% increase.
On Tuesday, Spain knocked France out of the European Championship,
winning 2-1. As a result, the SNFT went from trading at $0.023 to
$0.026. Both tokens could see further positive price action
depending on the result of their team’s respective finals. Featured
Image from Unsplash.com, Chart from TradingView.com
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