As Flamengo prepares to face European giants Bayern Munich in the round of 16 of the FIFA Club World Cup, the excitement surrounding the Brazilian club is spreading beyond the pitch and into the crypto space, with traders and holders of the $MENGO Fan Token following closely — and with great anticipation.

After a solid performance that secured the Group D lead, Flamengo's unbeaten streak not only keeps its dream alive on the field, but has also driven a significant rise in the club's Fan Token. Last week, $MENGO rose about 6%, with almost 9% in the last 24 hours alone. The market sentiment is optimistic, with fans and investors believing this is one of the most incredible stories of overcoming in recent tournaments.

With trading volume increasing — between US$240 and US$250 in the last 24 hours — analysts point to the positive momentum at the World Cup as the main catalyst for this increase.

If they win, Flamengo could face Paris Saint-Germain, the reigning UEFA Champions League champions, in the quarterfinals. PSG faces Inter Miami in the round of 16. The mere prospect of facing Luis Enrique's super team is already raising expectations—and with them, demand for the $MENGO fan token.

Some say that if Flamengo not only beats Bayern but also upsets PSG (if PSG also advances), the token could soar well above current levels. Today, $MENGO is trading around $0,11—up from its recent low of $0,10—but it has already reached $0,15 this year, with historic peaks of up to $3 during the 2021 crypto boom. Speculation is growing: a long World Cup campaign could significantly rekindle global interest. 

Sunday's clash against one of Europe's giants could be decisive — not only for Flamengo's fate in the tournament, but also for traders who see $MENGO closing in on the title of the hottest Fan Token in the championship this North American summer.