The Flamengo Fan Token (MENGO) is in the spotlight following an upturn in price which saw its price soar a jaw-dropping 104.46% in the last 24 hours to take its price to $0.2506 at the time of writing.

With this upswing, the token has now gained more than 120.20% in the previous week,placing in number one spot on Top Gainers and Trending Tokens on Fantokens.com.

Chart Signals Strength as MENGO Volume Spikes 970%

These sharp price movements pushed MENGO from an early base of roughly $0.12 to its peak just above $0.28, before stabilizing around the $0.25 range.

Volume bars at the bottom of the chart highlight a massive uptick in trading activity, aligning with the bullish momentum. In fact, the token’s 24-hour trading volume skyrocketed by 970% to $18,624,987, signaling strong market interest and buyer dominance.

With a circulating supply of 12 million tokens, MENGO now boasts a market cap of over $3 million, underscoring the growing investor confidence in fan tokens tied to major football clubs like Flamengo.

As on-chain activity and social buzz continue to build, $MENGO could be gearing up for further rallies, especially if fan-driven demand and sports partnerships continue to grow in the Web3 sports ecosystem.