Following two consecutive months in the red, CHZ has surged 10% since the start of April. An in-depth analysis of the underlying on-chain data suggests that the accumulation trend among Chiliz Whales could soon trigger a price upswing. Chiliz is the native digital currency of the blockchain-based sports and entertainment platform, Socios. The CHZ token primarily enables users to participate in the governance of their favorite sports brands. The token price has been retraced 23% from its 2023 high. However, on-chain metrics suggest strategic crypto whales appear to be accumulating CHZ ahead of the busy summer in global sports. Crypto
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Author: coinmaker