It’s been a strong summer for the Manchester City Fan Token ($CITY), which just gained another 24% overnight leading into Friday, Aug. 15.

The $CITY token has been gaining value for much of the past month as anticipation builds ahead of the new Premier League season.

And with news breaking regarding a potential major summer signing, it seems that $CITY holders are feeling more optimistic than ever.

Manchester City Fan Token ($CITY) Gains 24% Overnight

The $CITY token held a spot price of $1.08 less than 24 hours ago. Within that time the token went on an overnight surge, eventually hitting a peak price of $1.34 – marking 24% growth.

Since then, the token fell back to the $1.25 range that it holds at time of writing, however that still leaves the token on more than 15% growth for the past day.

As noted previously, the $CITY token has been on the rise for much of the past month. Indeed, in the past 30 days alone, the $CITY token has grown 51% in value, and the current price point marks the highest $CITY has attained in the entirety of the past quarter.

The token is now just another small surge away from its six-month high of $1.40.

City Reveals Major Summer Transfer Target

It has been reported that Manchester City are eyeing up Real Madrid forward Rodrygo, however with Liverpool also interested in the player, nothing is set in stone just yet.

Following Tottenham Hotspur’s ($SPURS) approach for City’s Savinho, a place would open up at the Etihad which would fit Rodrygo perfectly.

A touted transfer fee of $104 million for Rodrygo wouldn’t necessarily be a sticking point for City, although the player may also have offers from Liverpool, who are now looking to replace Luis Diaz.

Greg Thomson: Fan Tokens Market Reporter