Juventus Fan Token value dropped by 13%, stocks rose.

Drop in Juventus Fan Token

Juventus's fan token (JUV) experienced a decline of over 13% after Tether's €1.1 billion takeover bid was rejected. Tether's offer valued the Juventus club with a 21% premium. This was highlighted as a significant move supported by cryptocurrency in the sports world.

Rise in Stock Prices

Following the rejection of Tether's bid, Juventus stocks saw an increase of 14%. However, the club continues to struggle with financial difficulties.