Analysis of Reasons for the Plunge

- Team Operation Changes: In January 2026, the OG Esports team changed its logo and removed the long-term partner Red Bull branding. At the same time, after the Chiliz Group acquired 51% of the team's shares in September 2025, management adjustments led to differing market expectations for the team's development.

- Risks of Fan Token Attributes: The OG token, as a fan token, is highly dependent on the team's popularity and performance. Additionally, fluctuations in the cryptocurrency market and insufficient trading liquidity can easily trigger "panic selling," which is an inherent risk of such tokens.

- Impact of Market Sentiment: By the end of December 2025, the OG token had already experienced a short-term plunge of 40%, and the exit of short-term speculative funds further exacerbated the price decline.