Chiliz (CHZ) surged 7.5% in the past 24 hours, marking its fourth consecutive day of gains, even as the broader cryptocurrency market faced significant selling pressure. Trading at $0.046, CHZ outperformed major cryptocurrencies like Bitcoin and Ethereum, with its trading volume increasing by 22% to $106.5 million. Investor interest in CHZ has grown, with data from CoinGlass indicating continuous outflows from exchanges since April 21, suggesting accumulation. Santiment reported that wallets holding between 100,000 and 10 million CHZ tokens have increased their holdings by 60 million tokens since May 4. This accumulation by investors and whales is seen as a bullish signal, potentially driving further price increases.
Chiliz (CHZ) Rises 7.5% Amid Market Downturn, Attracts Whale Interest
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