Man City Fan Token’s ($CITY) $35M Trade Volume Influx Fuels Price Spike
Trading activity is picking up ahead of Manchester City’s upcoming Premier League match against Sunderland this weekend.
City are currently second in the league and have the opportunity to gain distance on league leaders Arsenal, as the Gunners face a tricky away match at third placed Aston Villa.
Over the course of the last 24 hours, trade volume for the Manchester City Fan Token ($CITY) increased by 2,300% – climbing from $1.5M to over $36M.
Man City Fan Token ($CITY) Spikes 32% Amid Volume Influx
The massive influx of trade volume was accompanied by a 32% price spike for the Manchester City Fan Token ($CITY), which increased from $0.57 up to $0.75.
As seen in the chart above, the price spike was short lived, and eventually declined throughout the day even as volume continued to increase.
Despite the price decline, the $CITY token still managed to hold onto 6.5% of its gains over the 24 hour period.
Pulling back to the weekly view, the price of $CITY has increased by 13.2% from its weekly low of $0.54.
City Hope for Arsenal Slip Up
City are currently five points behind league leaders Arsenal ($AFC), while Arsenal’s opponents this weekend, Aston Villa ($AVL), are just one point behind City.
City are heavy favourites to beat Sunderland at the Etihad Stadium on Saturday, and most City fans will likely be temporary Aston Villa fans, even if just for one weekend.
If Villa can get a result against Arsenal, and City beat Sunderland, City will move to within just two points of the Gunners. This would mark a huge leap forward for City in a season which Arsenal have dominated thus far.
Could the massive $35M influx of trade volume for $CITY be a sign that traders are expecting City to gain distance on Arsenal this weekend?
Greg Thomson: Fan Tokens Market Reporter
Read MoreNews Articles
Trading activity is picking up ahead of Manchester City’s upcoming Premier League match against Sunderland this weekend. City are currently second in the league and have the opportunity to gain distance on league leaders Arsenal, as the Gunners face a tricky away match at third placed Aston Villa. Over the course of the last 24 […]
Last week’s LaLiga Fan Token clubs review gave fans and token holders a series of mixed results, with Barcelona stealing the spotlight after the club finally moved to the top of the table. Match Week 15 promises more excitement, with Barça seeking to consolidate their lead and Atletico Madrid aiming to bounce back from their […]
It’s first versus third this weekend in the English Premier league, as Aston Villa face off against league leaders Arsenal. Second placed Manchester City will be hoping the Villains can take points off the Gunners and reduce their lead at the top of the table, as City host Sunderland in a match they’re heavy favourites […]
It was one of those weeks where football and SportFi moved in perfect sync. Every major result across Europe, from title pushes in Serie A to statement wins in LaLiga and the Premier League , sent shockwaves through the Fan Token markets. Prices spiked, volumes surged, and several unexpected assets broke out as traders hunted […]
As Serie A heads into a decisive stretch of the season, this weekend offers a slate of fixtures loaded with tactical intrigue, shifting momentum, and Fan Token market action worth watching. Milan look to protect their slender lead, Napoli and Juventus collide in a Fan Token showdown, and Roma, Inter are all snapping at the […]
Fan Tokens issued by the Ultimate Fighting Championship (UFC), Polish football club Legia Warsaw, and professional esports organization Team Heretics have been some of the market’s biggest recent winners. Although trade volumes remain low for these assets, recent gains have certainly caught the eye. So, what’s driving the momentum? UFC Fan Token ($UFC) Pops on […]
Arsenal continued their tremendous run of form with a 2-0 win over Brentford on Dec. 3, taking the team’s undefeated run to 18 games. The win cemented an ongoing price surge by the Arsenal Fan Token ($AFC) which now amounts to 20% in just under two weeks, and an incredible 49% since October. Arsenal Fan […]
Flamengo sealed the Brasileirão Serie A title with a 1-0 win over Ceara on Dec. 4, making it two titles in less than a week after they beat Palmeiras in the Copa Libertadores final on Nov. 29. The Flamengo Fan Token ($MENGO) had a tumultuous year in which it spiked and dipped in reaction to […]
Interest in the Sevilla Fan Token has picked up this week as traders look toward Thursday’s Copa del Rey match. The token saw a strong jump in activity in the past day and fans are watching both the pitch and the market to see if this momentum can continue. Analysts predict that a win for […]
Aston Villa were involved in a seven-goal thriller On Dec. 3 as they overcame Brighton 4-3 away from home. The win sent Villa into third place in the English Premier League, and had a major knock-on effect for the Aston Villa Fan Token ($AVL), which gained as much as 26% in the past 24 hours. […]