Drake Loses $300K Bitcoin Wager, ARG Fan Token Soars 40%

Drake Loses 0K Bitcoin Wager, ARG Fan Token Soars 40%

Canadian rapper Drake misplaced one other Bitcoin wager after Argentina beat Canada 2-0 within the Copa America semifinals. The Argentine Soccer Affiliation (AFA) fan token soared over 40% following the victory.

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Bitcoin Wager Misplaced: Did The ‘Drake Curse’ Do It Once more?

On Monday, Drake shared on Instagram that he had wager in opposition to the Argentina Nationwide Soccer Workforce. Forward of the match, the rapper positioned a $300,000 wager in Bitcoin that the Canada Nationwide Soccer Workforce would defeat the World Cup champions 1-2.

Drake additionally teased the Argentine followers, saying, “This might get Messi.” If realized, the Canadian rapper would have acquired a $2,880,000 payout in Bitcoin.

Drake bets in opposition to Argentina. Supply: Instagram

Canada reached the semifinals after beating the event’s revelation, the Venezuela Nationwide Soccer Workforce, in penalties. In the meantime, the present World Cup champions additionally beat Ecuador in penalty shootouts.

Drake’s wager resulted in a loss after Argentina knocked Canada out of the Copa America. Following the victory, the AFA social media accounts took a jab on the rapper utilizing Kendrick Lamar’s diss monitor ‘Not Like Us.’

Nonetheless, this isn’t Drake’s first rodeo with Bitcoin bets. Soccer watchers and the crypto group joked that the ‘Drake Curse’ continues after the loss. The Canadian rapper has a monitor document of dropping tons of of 1000’s along with his sports activities bets and ‘cursing’ the groups the reveals help.

Regardless of this, the rapper has additionally acquired earnings from his crypto bets. He wager $1.15 million in Bitcoin in favor of the Kansas Chief’s victory on this yr’s Tremendous Bowl. The victory resulted in a return of $2.35 million in flagship cryptocurrency.

ARG Fan Token Soars 40%

One other victor was the Argentine Soccer Affiliation Fan Token (ARG). The token noticed a outstanding efficiency after Argentina booked its move to the Copa America ultimate.

ARG’s worth registered crimson numbers forward of the match because the token traded at $1,13 on Tuesday afternoon. This efficiency represented a 4.4%, 4.8% lower within the every day and weekly timeframes. The token additionally exhibited a 35.6% worth decline from the earlier month.

After Argentina beat Canada, the fan token’s every day buying and selling exercise skyrocketed 227%, reaching a buying and selling quantity of $5.2 million. Earlier than the match, ARG’s buying and selling quantity was round $1.4 million, in keeping with CoinGecko information.

On Wednesday morning, ARG surged 41%, briefly hitting the $1.6 mark earlier than retracing. As of this writing, the token hovers between the $1.55-$1.59 worth vary.

The current efficiency represents a 35.7% and 120% enhance within the weekly and yearly timeframes. Nonetheless, the ARG fan token stays 81% down from its all-time excessive (ATH) worth of $9.1 through the 2022 World Cup.

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Equally, the Spain Nationwide Soccer Workforce fan token (SNFT) noticed a ten% enhance. On Tuesday, Spain knocked France out of the European Championship, successful 2-1. Consequently, the SNFT went from buying and selling at $0.023 to $0.026. Each tokens might see additional optimistic worth motion relying on the results of their workforce’s respective finals.

Drake Loses 0K Bitcoin Wager, ARG Fan Token Soars 40%
Bitcoin is buying and selling at $58,457 within the five-day chart. Supply: BTCUSDT on TradingView

Featured Picture from Unsplash.com, Chart from TradingView.com

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