Crypto Updates

Crypto Whales Abruptly Accumulate Ethereum-Based Altcoin Sending Volume to Highest Level in 22 Months: Santiment


Crypto whales have been gobbling up an Ethereum (ETH)-based fan engagement token, according to the analytics firm Santiment.

Chiliz (CHZ) is a web3 infrastructure provider for sports and entertainment.

The project’s native token, CHZ, is up nearly 2% in the past 24 hours, more than 14% in the past week and more than 27% this month.

Santiment notes whale addresses with at least 10 million CHZ tokens have added a total of 42.67 million CHZ in the past 30 days. The project is also witnessing its highest trading volume level in 22 months.

Source: Santiment/X

CHZ is trading at $0.136 at time of writing.

Santiment also says that Ondo Finance (ONDO), a project focused on tokenizing real-world assets (RWAs), is “the top trending token in crypto.”

The analytics firm notes that there were 5,110 non-empty ONDO wallets on February 26th and 33,225 non-empty ONDO wallets on May 26th, a rise of 550% in three months.

Source: Santiment/X

Ondo Finance focuses on tokenizing short-term bonds and US Treasuries. The project is led by president and COO Justin Schmidt and founder and CEO Nathan Allman, both former employees of Goldman Sachs.

ONDO is trading at $1.24 at time of writing. The 66th-ranked crypto asset by market cap is down nearly 2.5% in the past 24 hours but up more than 29% in the past week and more than 61% this month.

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