Chiliz

Million

Coin

<ul class="news-points"> 
 <li>A 10 million CHZ transfer from Chiliz to Binance has been identified as an investment grant.</li> 
 <li>The transfer, which took place last month, was made from Chiliz’s multi-sig wallet and was worth over half a million.</li> 
 <li>The beneficiaries of the grant will likely market-sell their CHZ tokens in order to fund their operations.</li> 
</ul> 
The 10 million CHZ transfer to Binance last month has been identified as an investment grant from Web3 startup Chiliz. The crypto transaction involving millions of <a href="https://coinedition.com/chiliz-chz-price-prediction/" rel="noopener noreferrer nofollow">CHZ tokens </a>had induced considerable anxiety in the crypto community since the initial transfer was from Chiliz’s multi-signature wallet. 
Crypto influencer Playmaker took to X (formerly Twitter) earlier today to share an update to a previous tweet where they reported a 17 million CHZ ($1 million) outflow from Chiliz’s multi-sig last month. Of these, 10 million CHZ were sent to the world’s largest crypto exchange, <a href="https://coinedition.com/crypto-community-defends-binance-amid-prevailing-rumors-and-fud/" rel="noopener noreferrer nofollow">Binance</a>. The wallet is still holding the remaining 7 million CHZ. 
Alexandre Dreyfus, the chief executive of Chiliz, responded to Playmaker’s tweets and clarified that the transfer was part of a grant from the crypto project. The beneficiaries of the grant are expect… 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/10-million-chz-transfer-to-binance-identified-as-grant-by-chiliz/">10 Million CHZ Transfer To Binance Identified As Grant By Chiliz</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

10 Million CHZ Transfer To Binance Identified As Grant By Chiliz

Coin Edition

Other articles published on Sep 8, 2023

Apple Bought Rights for Sam Bankman-Fried’s Story

The Fed could lose $100B — Does this spell catastrophe for Bitcoin?

Pepe Price Prediction 2023: Can PEPE Coin Recover This Month?

Binance CEO brushes off negativity, assures firm has 'no liquidity issues'

Ripple Unites with Billion Jared Isaacman to Help Maui Fire Victims

David Bailey accuses Barry Silbert of using customer funds to pump GBTC

Join our free newsletter for daily crypto updates!