Spain and Belgium meet Thursday at SoFi Stadium in a World Cup quarterfinal that has already produced a winner: fan token traders. Spain’s National Football Team Fan Token, known as SNFT, has ripped 54% higher over the past week, including a 17% single-day surge, as the anticipation around one of the tournament’s marquee matchups spills directly into digital asset markets.

Belgium’s BELG token posted a more modest but still notable 16% gain over the same stretch.

The on-pitch stakes

Spain enters ranked 3rd globally and riding an unbeaten streak through the tournament. Mikel Oyarzabal leads the squad in scoring, though the team’s total of nine goals across five matches suggests they’re not exactly running up the score on opponents.

Belgium sits at 8th in the FIFA world rankings, leaning heavily on veteran striker Romelu Lukaku to provide the attacking threat they need. The winner advances to face France, which cruised through its own quarterfinal with a 2-0 victory.