Chiliz (CHZ) Enters Top 10 Traded Coin List Among 1000 ETH Whales

Chiliz (CHZ) Enters Top 10 Traded Coin List Among 1000 ETH Whales

Chiliz (CHZ) has emerged as one of the top 10 coins by trading volume among the 1000 biggest ETH whales in the last 24 hours, according to data from WhaleStats. This significant milestone highlights growing interest in CHZ within the crypto whale community.

Trading Volume and Holdings

CHZ has also entered the top 10 by trading volume among the top 100 ETH whales. The average volume held by these whales is $8,496, with an average token quantity of 30,000. Notably, Chiliz accounts for 1.45% of the total holdings of the top 100 ETH whales, excluding ETH. This percentage translates to $38,856,416 in value.

Other top holdings include USDC, which dominates with 25.69% of holdings worth $684,155,061, followed by USDT at 22.2% accounting for $591,398,828.

Price Performance and Market Position

Currently, CHZ is trading at $0.263796, reflecting a 3.6% drop in value over the last 24 hours. Despite this short-term decline, CHZ has outperformed other altcoins, gaining over 42% in the last 14 days and 16.9% in the last 7 days.

CHZ ranks 36th in the global crypto market by market capitalization. It reached an all-time high of $0.8915 on March 13, 2021, but has since declined by 70% amid the bearish market conditions.

Whale Activity Trends

WhaleStats tracks the 5,000 largest ETH whales, which collectively hold an average of $12,439,962, equivalent to approximately 7,427 ETH. Recently, these whales have shown increased interest in meme coins like DOGE and SHIB, indicating a shift in investment strategies.

This surge in CHZ's trading volume among whales suggests heightened confidence in its potential within the cryptocurrency market.