On-chain data shows that a giant whale is suspected of accumulating CHZ before the World Cup, with CEX inventory dropping to a net circulation of 13%

TKResearch Trading cited Nansen data on social media, indicating that there appears to be an attempt to control the supply of CHZ on-chain ahead of the World Cup.

Data shows that the current circulating supply of CHZ is 10.15 billion, with 5.63 billion stored in Chiliz wallets and cross-chain bridges, and 1.37 billion remaining on trading platforms, resulting in a net circulating supply of approximately 3.15 billion. Since December 11, trading platforms have seen a cumulative net outflow of 150 million CHZ (from 1.52 billion down to 1.37 billion).

During the period from December 11 to 14, 9 newly created addresses cumulatively purchased 384 million CHZ from Coinbase at an average price of about $0.033. Subsequently, the price of CHZ doubled to $0.06, and these addresses did not distribute during the rise; instead, they continued to accumulate approximately 100 million more. Currently, this group of large holders collectively holds 384 million CHZ, accounting for about 28% of the total reserves on trading platforms and 13% of the net circulating supply.