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

Stellar (XLM) Teases Major Innovation: Details

Crypto Derivatives Resilience Navigating Market Challenges

EOS aims to catch up with Borroe.Finance and Shiba Inu’s momentum

Bitcoin Cash Eyes Crucial Resistance: Pivotal Price Levels for BCH Traders to Watch

Access CYBER via Alchemy Pay

Dogecoin Community Warned of Major iOS Vulnerability

Join our free newsletter for daily crypto updates!