The Spain national football team has launched its official cryptocurrency, $SPAIN, which has experienced a 40% drop in the first 24 hours. The launch of $SPAIN has taken place in a bear market, which has affected its value.
What is $SPAIN?
$SPAIN is the official cryptocurrency of the Spain national football team, a project of the Royal Spanish Football Federation and the company Fan Token Management (FTM).
What is $SPAIN for?
The cryptocurrency is intended for fans, who will be able to use it to access exclusive experiences and rewards linked to activities that involve fans.
| Stat | Value |
|---|---|
| 24-hour drop | 40% |
| Initial price | 1 dollar |
| Current price | 0.52 euros |
The amount of tokens that are not placed will be reserved by the team to give rewards, for marketing activities and to provide liquidity.
What comes next?
The Spain national football team will face Uruguay on June 27.
| Next match | Date |
|---|---|
| vs Uruguay | 2026-06-27 |
| Last result | Spain 4-0 Saudi Arabia (2026-06-21) |
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