Santiment: Ethereum-Based Altcoin Witnesses Surge in Volume as Crypto Whales Sudden Accumulation Reaches 22-Month High
Santiment, the analytics firm, has reported that crypto whales are actively acquiring a fan engagement token based on the Ethereum blockchain. Chiliz (CHZ), a web3 infrastructure provider for sports and entertainment, has seen a 2% increase in its native token, CHZ, in the last 24 hours. Over the past week, CHZ has surged by more than 14%, and this month it has recorded a remarkable growth of over 27%. In the past 30 days alone, whale addresses holding at least 10 million CHZ tokens have accumulated a total of 42.67 million CHZ, indicating strong interest in the project. Additionally, Chiliz is currently experiencing the highest level of trading volume in the past 22 months. The current trading price for CHZ stands at $0.136.
Meanwhile, Santiment has identified Ondo Finance (ONDO) as the top trending token in the crypto space. Ondo Finance is a project that focuses on tokenizing real-world assets (RWAs). The analytics firm revealed that the number of non-empty ONDO wallets has increased by a staggering 550% in just three months, from 5,110 on February 26th to 33,225 on May 26th. Ondo Finance specializes in tokenizing short-term bonds and US Treasuries and is led by former Goldman Sachs employees, president and COO Justin Schmidt, and founder and CEO Nathan Allman. Currently, ONDO is trading at $1.24. Although it has experienced a slight decline of 2.5% in the last 24 hours, it has seen significant growth of over 29% in the past week and over 61% this month. ONDO is currently ranked 66th in terms of market cap.
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