Crypto whales have recently been accumulating an Ethereum-based altcoin, sending its trading volume to its highest level in nearly two years, according to analytics firm Santiment. The altcoin in question is Chiliz (CHZ), a web3 infrastructure provider for sports and entertainment. CHZ has experienced significant price gains over the past month, with its native token increasing by almost 2% in the past 24 hours, over 14% in the past week, and more than 27% this month. Santiment reports that whale addresses holding at least 10 million CHZ tokens have added a total of 42.67 million CHZ to their holdings in the last 30 days.
Another token that Santiment highlights is Ondo Finance (ONDO), a project focused on tokenizing real-world assets. ONDO has become the top trending token in the crypto market. In just three months, the number of non-empty ONDO wallets has risen by 550%, from 5,110 on February 26th to 33,225 on May 26th. Ondo Finance aims to tokenize short-term bonds and US Treasuries and is led by former Goldman Sachs employees, President and COO Justin Schmidt and Founder and CEO Nathan Allman.
At the time of writing, CHZ is trading at $0.136, while ONDO is trading at $1.24. Although ONDO has seen a slight decrease of about 2.5% in the past 24 hours, it has gained more than 29% in the past week and over 61% this month. These developments indicate a growing interest in both Chiliz and Ondo Finance within the crypto community.