UEFA Euro 2024 kicks off on June 15. On the surface, one might think that football-related cryptocurrency tokens, especially those related to football, would perform very well in this quadrennial event. However, the reality is quite the opposite. The Block's Sports Token Index, which tracks the performance of fan tokens from famous European football teams, was one of the worst performing asset baskets on the market this week. Since the tournament began on June 15, the index has fallen sharply, and as of publication, the cumulative market capitalization of these tokens has fallen by about 12.8%. Over the same period, the price of Bitcoin has fallen by 3%, while the price of Ethereum has risen by about 1%.