The AS Roma Fan Token ($ASR) underwent a 24% spike leading into Monday morning as trade volume jumped from $5M to over $90M in the space of just a few hours.

That could be a good sign for traders, since the last time such a huge influx of trade volume flooded into $ASR it was accompanied by a near 400% increase to the token’s spot price, sending it to a two year high, and landing it on Binance’s top gainers list.

AS Roma Fan Token’s ($ASR) 24% Spike

This morning’s price spike was closer to 24%, as the $ASR token climbed from a valuation of $2.37 up to $2.95.

Even by time of writing, however, the majority of the surge had subsided and the token price was back down around the $2.50 range.

The token’s trade volume climbed from around $4 million to over $90 million during the course of the night leading into the morning.

Higher Trade Volume Than $OG

We’ve witnessed this kind of quick rise and fall with several major tokens in the past few weeks. While those short-term spikes are always accompanied by a sudden increase to trade volume, they are rarely as large as the one we’ve seen today with $ASR.

Indeed, while the Esports-based OG Fan Token ($OG) token was topping the Fan Token charts with over 25% gains for the day and approaching a four-year high, its trade volume only rose from $8M to around $50M.

Elsewhere in the Italian sports Fan Token sphere, both the Bologna FC Fan Token ($BFC) and the Udinese Calcio Fan Token ($UDI) experienced 5% price spikes at the exact same time, and as of time of writing, both are still on the rise.

Could we be witnessing an Italian Fan Token resurgence?

Greg Thomson: Fan Tokens Market Reporter