July 20, 2024

Taylor Daily Press

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Suddenly whales are buying this cryptocurrency en masse

Suddenly whales are buying this cryptocurrency en masse

Whales are the richest investors in the cryptocurrency industry, and if Santiment’s data is to be believed, they are all currently jumping on an Ethereum-based altcoin. This concerns the Chiliz (CHZ) project, a Web3 infrastructure project for sports and entertainment.

Chili’s shoots

The project’s CHZ token has risen by 5.46% over the past 24 hours and by 14% over the past week. This month there is a 27% increase in paintings. This makes the project’s performance almost identical to that of Ethereum, which of course has risen significantly due to the ETF hype.

Santiment was able to find out Only whales with at least 10 million CHZ tokens are buying right now.

They bought a total of 42.67 million chiles over the past 30 days. The project is currently witnessing its highest trading volume in 22 months.

At the time of writing, CHZ is trading at $0.1512. This means a 5.46% increase in boards over the past 24 hours, and the project has a market capitalization of $1.344 billion.

Not just bullish on Chiliz

Santiment isn’t just bullish on Chiliz right now. Ondo Finance (ONDO), a project focused on real world assets (RWAs), is also doing well at the moment.

RWAs are tokens that represent real assets. For example, it could be real estate, art, watches, stocks and much more.

On February 26, ONDO still had 5,110 wallets with a positive balance. This rose to 33,225 units as of May 26, an increase of 550% in three months.

Are RWA token projects on your radar at the moment or are you focusing on other sectors within the cryptocurrency industry?

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