
Santiment Reports Sudden Surge in Ethereum-Based Altcoin Trading Volume as Crypto Whales Swiftly Accumulate, Reaching the Highest Level in 22 Months
Crypto whales have been avidly accumulating Chiliz (CHZ), an Ethereum-based fan engagement token, as reported by Santiment, an analytics firm. Chiliz serves as a web3 infrastructure provider for the sports and entertainment industry. Over the past 24 hours, the native token of the project, CHZ, has experienced a nearly 2% increase. Moreover, in the past week, it has surged by more than 14%, and this month alone, it has seen a significant growth of over 27%. Santiment has observed that whale addresses holding at least 10 million CHZ tokens have collectively acquired an impressive 42.67 million CHZ in the past 30 days. Additionally, the project is currently witnessing its highest level of trading volume in the past 22 months. At the time of writing, CHZ is trading at $0.136.
Santiment has also highlighted Ondo Finance (ONDO) as the most trending token in the crypto market. Ondo Finance is a project that focuses on the tokenization of real-world assets (RWAs). In just three months, the analytics firm has observed a remarkable 550% increase in the number of non-empty ONDO wallets, from 5,110 on February 26th to 33,225 on May 26th. Ondo Finance specializes in the tokenization of short-term bonds and US Treasuries. The project is led 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. Although it has experienced a slight decline of nearly 2.5% in the past 24 hours, it has surged by more than 29% in the past week and an impressive 61% this month. It currently ranks 66th in terms of market capitalization.
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