Key Takeaways:

• Tether’s investment in Juventus FC prompted a massive increase in the price of Juventus’ fan token (JUV).
• The JUV token’s price surged over 200% initially, maintaining over 120% gains within 24 hours.
• Other fan tokens related to soccer clubs, like S.S Lazio (LAZIO) and FC Porto (PORTO), also recorded notable increases.

Fan tokens surged on Friday (Waka77/Wikimedia Commons)

Earlier today, Tether announced it has invested in Italian football club Juventus FC, resulting in a significant uplift for JUV and other fan tokens. After a record-setting rise of over 200% in JUV, the token currently reflects a 120% increase over the last 24 hours.

Juventus Fan Token’s 30-day performance (CoinDesk)

This announcement has positively influenced various other fan tokens, with tokens such as S.S Lazio’s (LAZIO) and FC Porto’s (PORTO) values rising by 11% and over 10%, respectively. Tokens associated with European soccer clubs, including Tottenham Hotspur and Paris Saint-Germain, are also experiencing gains following this news.