Chiliz Spikes 26% as Whales Push CHZ into Top-Traded Cryptos

Chiliz blockchain is celebrating its 5th anniversary ahead of Chiliz 2.0. Top 500 Ethereum whales accumulate Chiliz (CHZ), sending it to TOP 10. The soccer-related crypto increased its market cap by $155M overnight.

The soccer-related blockchain that’s powering all of the tokens on football fan platform Socios.com spiked to highs unseen in a long time on Thursday. Besides, this is an extraordinary time for the #58 cryptocurrency by global market cap. Today, Chiliz (CHZ) is celebrating its 5th birthday while also minting the first block of Chiliz Chain 2.0.

According to the sports blockchain CEO Alexandre Dreyfus, this day will go down in crypto history books, as Chiliz Chain 2.0 Genesis First Block was produced on 8th February at 8.08 am UTC, now totaling 8,888,888,888 CHZ tokens.

Besides, the new Layer-1 scaling solution for the popular sports blockchain also coincides with the full rebranding of the network. Today, Chiliz has a new logo, ambassador, and some great NFT gifts for the most loyal crypto enthusiasts.

Boom. Block #1 of @chiliz Chain 2.0 was produced at 8.08 UTC on the 8th of February. There is 8,888,888,888 $CHZ. This is part of our DNA. https://t.co/aVvafqQvnp pic.twitter.com/K3JiIbpmKp

— Alexandre Dreyfus (@alex_dreyfus) February 8, 2023

Festivities Continue with NFT Giveaway

The new Layer-1 solution for Chilizis also part of the expansion plans into South Korea. Furthermore, the focus on Asia is confirmed by Napoli’s center-back player Kim Min-Jae, who just joined the Chiliz community as a brand ambassador.

Chiliz is running an NFT contest where crypto enthusiasts can get their hands on one of 100 limited edition anniversary NFTs with the fresh design introduced earlier today. If won, the minted NFT will be minted on the Chiliz Spicy Testnet and sent to the winner’s Ethereum (ETH) wallet.

𝐂𝐡𝐢𝐥𝐢𝐳 𝟓𝐭𝐡 𝐀𝐧𝐧𝐢𝐯𝐞𝐫𝐬𝐚𝐫𝐲 | Limited Edition NFT

For our 5th anniversary, we wanted to create something very special to reward our Chilizens.

Introducing: 100 limited Anniversary NFTs which can be won throughout the festivities #ChilizAnniversary $CHZ pic.twitter.com/nw4L9r0VXE

— Chiliz ($CHZ) – Powering Socios.com (@Chiliz) February 8, 2023

Whales Want to Get Spicy with Chiliz

To win one of these limited edition NFTs, crypto enthusiasts must follow the celebratory activities on Chiliz’s official Twitter. The activities include a birthday quiz to test your knowledge and win NFT prizes, AMA with the founder Alexandre Dreyfus, tickets to live sports events, and more.

At press time, the sports and entertainment crypto trades at $0.166312, according to CoinGecko. The healthy 26% daily increase is topped by 48.5% growth in the last 30 days. Indeed, the positive price movement is sparked by the largest Ethereum (ETH) whales, as Chiliz just entered the TOP 10 traded crypto for the first time since its launch.

Hence, as many crypto traders are trying to get ahead of the new technical developments, Chiliz has a fair chance of becoming one of the most-watched cryptocurrencies this year.

JUST IN: $CHZ @chiliz now on top 10 by trading volume among 500 biggest #ETH whales in the last 24hrs

Peep the top 100 whales here: https://t.co/tgYTpOm5ws

(and hodl $BBW to see data for the top 500!)#CHZ #whalestats #babywhale #BBW pic.twitter.com/6Dyo72UR9e

— WhaleStats (tracking crypto whales) (@WhaleStats) February 8, 2023

On the Flipside

The exclusive NFTs are not bridgeable to Chiliz Chain 2.0 until further notice. Chiliz is still 81% away from its all-time high (ATH) set almost two years ago.