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

On-chain data from Arkham Intelligence revealed that Chiliz’s (CHZ) 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...

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