Chiliz

Arkham

Million

Coin

<ul class="news-points"> 
 <li>$200,000 worth of CHZ out of the $3.5 million was traced to Binance.</li> 
 <li>CHZ fell from $0.060 to $0.056 as a result of this activity.</li> 
 <li>While the EMA showed bearish signs, traders are opening long positions.</li> 
</ul> 
On-chain data from Arkham Intelligence revealed that <a href="https://coinedition.com/10-million-chz-transfer-to-binance-identified-as-grant-by-chiliz/">Chiliz’s (CHZ)</a> purpose for withdrawing $3.5 million from its multi-sig wallet has been identified. On October 9, pseudonymous Chiliz fan Playmaker disclosed that the sports-based blockchain project withdrew the said amount from one of its most secure wallets. 
The transfer was the second largest transfer by Chiliz in recent times after a similar withdrawal one month ago. As of October 9, the reason for the withdrawals was largely unknown. However, in a follow-up on the matter, Playmaker got information from Arkham Intelligence that some of the CHZ tokens were sent into the Binance exchange. 
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 𝐎𝐧-𝐂𝐡𝐚𝐢𝐧 𝐔𝐩𝐝𝐚𝐭𝐞 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f50e.png" alt="🔎" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f336.png" alt="🌶" class="wp-smiley" style="height: 1em; max-height: 1em;"> Looks like <a href="https://twitter.com/ArkhamIntel?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@ArkhamIntel</a> identified the addresses to which <a href="https://twitter.com/Chiliz?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@Chiliz</a> sent 3.5m <a href="https://twitter.com/search?q=%24CHZ&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$CHZ</a> yesterday Acc to the labels, <a href="https://twitter.com/search?q=%24CHZ&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$CHZ</a> worth $200k was deposited to Binance via a new deposit address Great to see such quick updates to your database <a href="https://twitter.com/ArkhamIntel?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@ArkhamIntel</a> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1fae1.png" alt="🫡" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/YM981MCuXF" target="_blank" rel="nofollow">https://t.co/YM981MCuXF</a> <a href="https://t.co/yOU8dRG5ep" target="_blank" rel="nofollow">pi…</a>
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The post <a rel="nofollow" href="https://coinedition.com/chz-price-plunge-whats-behind-chilizs-sudden-3-5-million-move/">CHZ Price Plunge: What’s Behind Chiliz’s Sudden $3.5 Million Move?</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.

CHZ Price Plunge: What’s Behind Chiliz’s Sudden $3.5 Million Move?

Coin Edition

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