Chiliz (CHZ) winked at the bull season with its new move!

Chiliz (CHZ) attracted attention by increasing by more than 10 percent after the PEPPER airdrop distribution

Chiliz, a blockchain network operating in the sports field, increased by 1 percent with the PEPPER airdrop distribution and reached $ 0.074. $CHZ , which reached its highest level in the last 90 days, naturally excited its investors and sports enthusiasts. The company announced the PEPPER airdrop on October 2.

According to the details, the token distribution took place on October 10 at 03:00 Turkey time. Chiliz stated that there would be no pre-sale when announcing the project and that everyone would obtain tokens under equal conditions.

Chiliz announced that 30 percent of the total supply of PEPPERs would be airdropped to users who have at least 100 CHZ staked in their wallets or on the chain. Each eligible user will receive 150,000 PEPPER for each CHZ they own.

There will be four airdrops in total. The first will be on October 10, followed by the others on October 17, 24, and 31 at 03:00 Turkish time. High-volume centralized exchanges like Bitget and Binance are among those supporting the airdrop event.

Crypto analyst CryptoJack noted in an X post on October 9 that the Chiliz price is about to break above a major resistance on the weekly chart. The popular altcoin could retest the $0.15 level it reached in June after breaking $0.07. The token’s price has increased by over 10 percent since the first airdrop took place today. The data shows that the CHZ market cap is over $680 million, and daily trading volume has increased by 200 percent to $391 million.

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