AS Monaco Fan Token ($ASM) Spikes 20% Amid Flurry of Transfer Rumours 

The AS Monaco Fan Token ($ASM) lead the Fan Tokens gainers list on Friday, Aug. 22, as the token’s valuation spiked 20% in just a matter of hours.

Meanwhile, AS Monaco remains the subject of numerous transfer rumours, as clubs like Tottenham Hotspur ($SPURS), Barcelona ($BAR), Paris Saint Germain ($PSG) and Galatasaray ($GAL) all look to snatch up some of Monaco’s highly-rated youngsters. 

AS Monaco Fan Token ($ASM) Jumps 20%

From a starting point of $0.24, the value of the AS Monaco Fan Token ($ASM) jumped 20% in the space of just a few hours on Friday, climbing to a peak of $0.29.

The token’s value has since fallen back to the $0.27 range at time of writing, but that still leaves $ASM holding onto respectable 12.5% gains for the day.

The $ASM token had been on the rise for much of the late summer months. Back in early July the token was priced at $0.19, meaning that this morning’s spike equated to a total of 42% in just over two months. 

Trade volume climbed from around $25,000 to over $700,000 on the day, and still seems to be climbing. The last time $ASM trade volume hit such heights was in late May. 

AS Monaco the Subject of Transfer Rumours

AS Monaco has been a long-time developer of some of Europe’s top talents (Kylian Mbappe anyone?) and that still looks to be the case today.

Young Monaco starlet Maghnes Akliouche is wanted by a wealth of clubs, including Tottenham Hotspur ($SPURS), Barcelona ($BAR), Paris Saint Germain ($PSG) and Galatasaray ($GAL), with fees of $47.5 million being quoted by some outlets. 

The player has apparently pledged his intention to stay at Monaco for this summer at least, but more developments could emerge before the transfer window is over.