Fan Token Giant Chiliz is at the top of the last 6 weeks: Will the rise continue?

Investor interest in the altcoin, whose price has reached its highest level in the last 6 weeks, is also increasing.

Chiliz (CHZ) price reached the highest level of the last 6 weeks with the rise on Monday, May 27. On-chain analysis platform Santiment stated that network activity and social media mentions also increased in parallel with the rise in price.

However, whales with at least 10 million CHZ have purchased a total of 42.67 million CHZ in the last 30 days. The trade volume of CHZ reached the highest level of the last 22 months with 415 million CHZ.

Santiment emphasized that increasing whale and individual investor interest could ensure the continuation of the rise in prices:

CHZ became the top rising issue among cryptocurrencies after the price rose towards 6-week highs. Whale addresses with at least 10 million tokens have added a total of 42.67 million $CHZ in the last 30 days and may continue to increase prices as volume increases.

According to CoinGecko data, CHZ, which witnessed a 20% increase on May 27, climbed from $ 0.118 to $ 0.142.