A small crypto token named FIFA experienced dramatic price fluctuations today, plummeting over 58% in the past 24 hours after speculative rumors connected it to FIFA’s web3 initiatives. The token surged by over 67% within days before this sudden decline, according to CoinMarketCap data. Rumors suggesting a connection between the token and FIFA’s official NFT platform sparked speculation and led to volatile trading. However, there is no indication that the FIFA token is directly linked to the official governing body. The real FIFA unveiled plans in April to migrate its NFT platform, FIFA Collect, from the Algorand network to Ethereum Virtual Machine (EVM) compatible blockchain. This update aims to improve interoperability and fan engagement through digital collectibles and real-world experiences. The FIFA token remains largely speculative with limited information on its developers, use case, or circulating supply. This rapid price change highlights the challenges of navigating market volatility and potential misinformation in the crypto world.