Market sentiment retreats! World Cup soccer concept crypto tokens fall en masse, CHZ down 15%, Spanish fan tokens down 27%

The opening of the 2022 Qatar World Cup was announced on the 20th of local time. However, after the opening, the World Cup soccer concept tokens, which had been hotly speculated by investors before, fell collectively due to the retreating market sentiment.

At the time of writing, CHZ, the world's largest World Cup concept coin by market capitalization, was down 15% at $0.1921, SNFT, the Spanish national team fan token, was down 27.40% at $0.3248, POR, the Portuguese national team fan token, was down 17% at $4.66, and ARG, the Argentine national team fan token, was down 14.91% at $6.54.

According to Coingecko data, the total market cap of soccer fan tokens fell 18.5% to $311 million in the past 24 hours.