Fifty-three of the sixty-five Fan Tokens we track are down today. CHZ is off 5.8%, the fear and greed index reads 69, and the median token in the universe has lost 2.0%. On a day like that, most green numbers are noise.
Napoli's is not. The rotation table, which compares matched windows, puts $1.15M against $175,665 the day before — a 554% jump, or 556% once the market-wide move is stripped out, which is the only honest way to read a volume spike.
The second name on the flow table is stranger. SEVILLA traded $232,426 against $11,067 the day before — a 2,002% jump — and the token is still down 2.4%. Sevilla play Valencia tomorrow at 19:00 UTC. Somebody is positioning; the price has not moved yet.
Napoli's health grade held at B, but its price-stability pillar fell from 90 to 75: the move is large relative to Napoli's own history, which is exactly what a real repricing looks like and exactly what a wash-trading pattern does not.