On-chain data shows that a whale appears to have accumulated CHZ before the World Cup, with CEX reserves dropping to a net circulation of 13%

On March 4th, TKResearch Trading cited Nansen data on social media indicating that, on the eve of the World Cup (June), there was a suspected attempt to control CHZ tokens on the blockchain. The data shows that the current circulating supply of CHZ is 10.15 billion tokens, with 5.63 billion stored in Chiliz wallets and cross-chain bridges, and 1.37 billion remaining on trading platforms. The actual net circulating supply is approximately 3.15 billion tokens. Since December 11th, trading platforms have experienced a net outflow of 150 million CHZ (from 1.52 billion down to 1.37 billion). Between December 11th and 14th, nine new addresses bought a total of 384 million CHZ from centralized exchanges at an average price of about $0.033. Subsequently, the price of CHZ doubled to $0.06, but these addresses did not distribute during the price increase; instead, they continued to accumulate about 100 million more tokens. Currently, these large holders collectively own 384 million CHZ, accounting for approximately 28% of the total reserves on trading platforms and about 13% of the net circulating supply.