In the wake of Argentina's progression to the Copa America finals, the country's fan token, ARG, has seen a significant surge in market value, increasing by over 65% in the last 24 hours. This has made it the second-largest soccer coin by market value. Data from CoinGecko reveals that the ARG token's price has risen by 98.8% over the past week, reaching $2.34, its highest level since May 30.

The token's value increase has led to it becoming the most heavily traded fan token in the market, with its daily trading volume increasing by 578.50% to reach $23.8 million. This figure is almost four times higher than that of the Paris Saint-Germain fan token, the largest soccer token by market value.

The ARG token was launched in 2021 by the Argentine Football Association through Socios.com, a fan engagement platform powered by the Chiliz blockchain. Holders of the ARG token gain access to various exclusive team activities, experiences, and VIP services.

In related news, rapper Drake lost a $300,000 Bitcoin bet against the Argentina National Football Team. Despite his loss, the overall sentiment in the crypto market remains optimistic, with the ARG token's performance serving as a testament to the potential of blockchain in the sports industry.