Crypto whales have been snapping up Chiliz (CHZ), an Ethereum-based fan engagement token, sending its trading volume to its highest level in 22 months.
Whale Activity
According to analytics firm Santiment, whale addresses holding at least 10 million CHZ tokens have accumulated 42.67 million CHZ in the past month. This surge in whale activity has contributed to CHZ’s price rise of nearly 2% in the past 24 hours and over 27% this month.
Other Trending Tokens
Santiment also highlights Ondo Finance (ONDO) as “the top trending token in crypto.” The project focuses on tokenizing real-world assets and has seen a 550% increase in non-empty wallets in the past three months.
Price Action
At the time of writing, CHZ is trading at $0.136, while ONDO is at $1.24. ONDO has gained over 61% this month, despite a slight dip in the past 24 hours.
Disclaimer
Remember, investing in cryptocurrencies carries significant risk. Always conduct thorough research before making any investments.
