Crypto whales have been voraciously accumulating Chiliz (CHZ), an Ethereum-based fan engagement token, as reported by analytics firm Santiment. Chiliz, which serves as a web3 infrastructure provider for sports and entertainment, has experienced significant gains in recent times. Over the past 24 hours, the native token CHZ has risen by nearly 2%, while it has surged over 14% in the past week and more than 27% this month.
Santiment’s findings reveal that whale addresses holding a minimum of 10 million CHZ tokens have accumulated a total of 42.67 million CHZ tokens in the last 30 days. Moreover, the project has witnessed its highest trading volume in the past 22 months.
At the time of writing, CHZ is trading at $0.136.
In addition to Chiliz, Santiment highlights Ondo Finance (ONDO) as the most trending token in the crypto space. Ondo Finance is dedicated to tokenizing real-world assets (RWAs). The analytics firm notes a remarkable increase in the number of non-empty ONDO wallets, from 5,110 on February 26th to 33,225 on May 26th, representing a staggering 550% rise in just three months.
Ondo Finance primarily focuses on the tokenization of short-term bonds and US Treasuries. The project is spearheaded by Justin Schmidt, the president and COO, and Nathan Allman, the founder and CEO, both of whom are former employees of Goldman Sachs.
As of now, ONDO is trading at $1.24. Despite a slight 2.5% dip in the past 24 hours, the cryptocurrency has gained over 29% in the past week and a remarkable 61% this month. It currently holds the 66th position in terms of market capitalization.
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