Crypto whales have been buying up Ethereum (ETH)-based fan engagement tokens in large quantities, according to analytics firm Santiment.
Chiliz (CHZ) is a Web3 infrastructure provider for sports and entertainment.
The project's native token, CHZ, is up roughly 2% in the past 24 hours, over 14% in the past week, and over 27% this month.
Santiment noted that whale addresses holding at least 10 million CHZ tokens have added a total of 42.67 million CHZ in the past 30 days, with the project also seeing its highest trading volume in the past 22 months.
CHZ is trading at $0.136 at the time of writing.
Santiment also noted that Ondo Finance (ONDO), a project focused on the tokenization of real-world assets (RWA), is the “most trending token in crypto.”
According to the analytics firm, there were 5,110 non-empty ONDO wallets on February 26th and 33,225 non-empty ONDO wallets on May 26th, a 550% increase over three months.
Ondo Finance is focused on tokenizing short-term bonds and U.S. Treasury securities. The project is led by former Goldman Sachs employees President and COO Justin Schmidt and Founder and CEO Nathan Allman.
ONDO is trading at $1.24 at the time of writing. The 66th-largest crypto asset by market cap is down about 2.5% over the past 24 hours, but is up over 29% over the past week and 61% this month.
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