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 ahead of the World Cup, there appears to be an attempt to control the supply of CHZ on-chain.

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 an actual 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 to 1.37 billion). Nine newly created addresses accumulated 384 million CHZ from Coinbase between December 11 and 14, 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 but instead continued to increase their holdings by about 100 million. Currently, this group of large holders collectively holds 384 million CHZ, accounting for approximately 28% of the total reserves on trading platforms and 13% of the net circulating supply.

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