CHZ, the native token of fan token issuer Chiliz, is facing selling pressure from big whales while its price continues to depreciate steadily.
One of the remarkable names of the last bull season Chiliz’s native token CHZhas been facing a lot of selling pressure lately. Especially in the period before the 2022 FIFA World Cup, it caught a rise again, but then almost “news sellFaced with ”, CHZ has been continuing its steady decline for some time.
On the other hand, by the CEO Increase in the market supply of CHZ After the announcement of the move, selling pressure increased and one of the biggest CHZ whales took action to sell its assets.
On-chain data platform by lookonchain according to shared information 680 million units (approximately $102.6 million) A whale with CHZ has started sales. This account is currently 4th largest CHZ whale located in. Whale recently bought 20 million CHZs worth $3 million “0x4da2” address and these CHZs were later transferred to different to 9 different addresses divided.
According to the data, the whale arrived at the same address 4 days ago. 21 million units CHZ carried and Binance, Bybit, OKX and Kucoin sent to the stock exchanges.
CoinGecko according to the data 20 days CHZ price in approx. 45% depreciated and at the time of writing from $0.149 traded in the markets.