The Atletico Madrid Fan Token ($ATM) spiked 13% early on Sunday morning, climbing from $1.49 all the way up to $1.68.

By Monday morning, most of that growth had subsided amid a hectic trading session that saw as much as $48.5 million change hands.

Atletico Madrid Fan Token’s Stuttered Growth

Yet the value of the $ATM token stands at $1.53 at time of writing, meaning the “two steps forward, one step back” pattern left the Fan Token holding onto 2.7% over 24 hours.

This pattern has been evident for $ATM for the past month, where the token gained as much as 25% in short, sharp spikes, only to give up most of its growth in subsequent dips.

But after each dip, the token has settled a little bit higher than it was before. After repeating this pattern over the course of thirty days, the $ATM token has ultimately accumulated growth of 17% for the week, and 26% for the month.

Despite the volatile spikes and dips seen above, the trajectory of the $ATM token has ultimately remained upward over the course of the month.

Atletico Draw Doesn’t Halt $ATM Run

Atletico Madrid currently sit in 5th place in LaLiga having only lost one game so far this season. However, three draws out of eight games leaves the team eight points off Real Madrid in first, and six points off Barcelona ($BAR) in second.

Atleti drew again this past weekend against Celta Vigo – a match they would have been expected to win.

Despite the on-field draw, the Atletico Madrid Fan Token continues to climb, backed by strong trade volume. On Monday morning, the majority of trading took place on Binance, BtcTurk, and Paribu.

Greg Thomson: Fan Tokens Market Reporter