FIFA Coin’s 50% Crash: Did Traders Fall for a Fake NFT Hype?
FIFA Coin (FIFA) tanks 50% as traders mistake it for FIFA’s NFT blockchain! Is this altcoin doomed or a buying chance? Dive in now!
On May 16, 2025, FIFA Coin (FIFA), a little-known altcoin, plummeted over 50% from $0.000000518 to $0.000000259 after a speculative frenzy fizzled out. Priced at just fractions of a cent and ranked #3534 on CoinMarketCap, the token surged briefly due to rumors linking it to FIFA’s Web3 initiatives, specifically its NFT platform, FIFA Collect. However, the token has no connection to the global football body, which announced in April a shift of FIFA Collect to a new Ethereum-compatible blockchain starting May 20. Posts on X capture traders’ confusion, with some lamenting losses after chasing the hype.
What happened? Misinformation fueled a pump-and-dump, as traders bet on FIFA Coin’s supposed ties to FIFA’s blockchain gaming and NFT plans. The real FIFA’s move to a scalable EVM network aims to enhance fan engagement, but FIFA Coin’s lack of fundamentals led to a sharp correction. Technical indicators suggest a potential further drop to $0.0000002 unless buying resumes.
For beginners, this is a classic crypto trap: low-cap tokens can spike on rumors but crash hard. The incident underscores the need for research—check project legitimacy before investing. While Bitcoin holds at $105,000, altcoins like FIFA Coin are high-risk. Will it recover, or is it a dead end? Share your thoughts below! Follow trafy.io for more crypto insights.
NOTICE:
The information provided on trafy.io does not constitute investment advice or recommendations. All investment and trading activities involve risks, and readers are advised to conduct their own research before making decisions.
NOTICE:
The information provided on trafy.io does not constitute investment advice or recommendations. All investment and trading activities involve risks, and readers are advised to conduct their own research before making decisions.
