Drake Loses Bitcoin Bet Following Canada’s Copa America Exit, ARG Fan Token Soars 40%

3 months ago

Canadian rapper Drake mislaid different Bitcoin stake aft Argentina bushed Canada 2-0 successful the Copa America semifinals. The Argentine Football Association (AFA) instrumentality token soared implicit 40% pursuing the victory.

Bitcoin Bet Lost: Did The ‘Drake Curse’ Do It Again?

On Monday, Drake shared connected Instagram that helium had stake against the Argentina National Football Team. Ahead of the match, the rapper placed a $300,000 stake successful Bitcoin that the Canada National Football Team would decision the World Cup champions 1-2.

Drake besides teased the Argentine fans, saying, “This could get Messi.” If realized, the Canadian rapper would person received a $2,880,000 payout successful Bitcoin.

Canada reached the semifinals aft beating the tournament’s revelation, the Venezuela National Football Team, successful penalties. Meanwhile, the existent World Cup champions besides bushed Ecuador successful punishment shootouts.

Drake’s stake resulted successful a nonaccomplishment aft Argentina knocked Canada retired of the Copa America. Following the victory, the AFA societal media accounts took a jab astatine the rapper utilizing Kendrick Lamar’s diss way ‘Not Like Us.’

Nonetheless, this is not Drake’s archetypal rodeo with Bitcoin bets. Football watchers and the crypto assemblage joked that the ‘Drake Curse’ continues aft the loss. The Canadian rapper has a way grounds of losing hundreds of thousands with his sports bets and ‘cursing’ the teams the shows support.

Despite this, the rapper has besides received profits from his crypto bets. He stake $1.15 cardinal successful Bitcoin successful favour of the Kansas Chief’s triumph successful this year’s Super Bowl. The triumph resulted successful a instrumentality of $2.35 cardinal successful flagship cryptocurrency.

ARG Fan Token Soars 40%

Another victor was the Argentine Football Association Fan Token (ARG). The token saw a singular show aft Argentina booked its walk to the Copa America final.

ARG’s terms registered reddish numbers up of the lucifer arsenic the token traded astatine $1,13 connected Tuesday afternoon. This show represented a 4.4%, 4.8% alteration successful the regular and play timeframes. The token besides exhibited a 35.6% terms diminution from the erstwhile month.

After Argentina bushed Canada, the instrumentality token’s regular trading enactment skyrocketed 227%, reaching a trading measurement of $5.2 million. Before the match, ARG’s trading measurement was astir $1.4 million, according to CoinGecko data.

On Wednesday morning, ARG surged 41%, concisely hitting the $1.6 people earlier retracing. As of this writing, the token hovers betwixt the $1.55-$1.59 terms range.

The caller show represents a 35.7% and 120% summation successful the play and yearly timeframes. However, the ARG instrumentality token remains 81% down from its all-time precocious (ATH) terms of $9.1 during the 2022 World Cup.

Similarly, the Spain National Football Team instrumentality token (SNFT) saw a 10% increase. On Tuesday, Spain knocked France retired of the European Championship, winning 2-1. As a result, the SNFT went from trading astatine $0.023 to $0.026. Both tokens could spot further affirmative terms enactment depending connected the effect of their team’s respective finals.