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    HomeAltcoinChiliz Whale Moves 20 Million CHZ, Could Price Dump Next?

    Chiliz Whale Moves 20 Million CHZ, Could Price Dump Next?


    The Chiliz Whale has but once more transferred 20 million CHZ tokens. Will it influence the worth in a low-volume market?

    A whale wallet that begins with 0x8163, holding almost 650 million Chiliz tokens (CHZ), has transferred 20 million tokens. At this time the CHZ chart has shaped an indecisive Doji candle, however with the low quantity out there, is a dump incoming with the switch of those tokens?

    The Whale Transferred 20 Million CHZ

    The 0x8163 pockets transferred 20 million CHZ round 6 hours from press time to an deal with, 0x4da2. Then, the 0x4da2 has moved over 18 million CHZ to a number of addresses in transactions, primarily consisting of a batch of two million CHZ every.

    Chiliz whale activity
    Supply: Etherscan

    Besides for 2 wallets beginning with 0x4044 and 0x1ae0, all the opposite wallets nonetheless retailer the CHZ they obtained from the 0x4da2. These two wallets collectively transferred 373,999 CHZ to the OKX trade.

    A Worth Dump Incoming?

    Almost 374 thousand CHZ transferred to exchanges can’t put promoting stress in the marketplace. However, if the whale steadily transfers the remaining 20 million tokens unfold throughout a number of wallets, it may possibly influence the worth, contemplating that the amount is low.

    Earlier on Dec. 19, the whale transferred 14 million CHZ tokens in a similar way. They first moved 14 million CHZ to 0x4da2, after which the tokens had been unfold throughout a number of wallets in batches of 1.4 million CHZ. The CHZ worth fell by almost 10% on Dec. 19.

    Beforehand, the pockets 0x8163 used the identical sample and transferred 20 million CHZ to 0x4da2 on Dec. 8. To this point, the worth has been down by over 32%. The pockets holds almost 650 million Chiliz presently. In the event that they proceed this sample of transferring the tokens to trade, it may possibly have a major influence on the worth of CHZ

    Chiliz price action
    Supply: TradingView, CHZ/USDT, Binance

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