This group of wallets made 100x on $CHZ
From $1M to $100M in 2 years - and they never sold.
Who are those wallets, and what can we learn with on-chain data ๐งต
From $1M to $100M in 2 years - and they never sold.
Who are those wallets, and what can we learn with on-chain data ๐งต
In March 2019 - 0x8521 received a transfer of 220M CHZ.
This happened before CHZ started publicly trading (July 2019)
etherscan.io
This happened before CHZ started publicly trading (July 2019)
etherscan.io
Precisely 2 years later (March 2021) - 0x8521 made multiple 11M transfers to other wallets.
In total, 15 wallets received 160M $CHZ - worth $50M at the time.
In total, 15 wallets received 160M $CHZ - worth $50M at the time.
Those 15 wallets have been holding ever since, except 3 wallets that send all their $CHZ to @Binance on September 2021.
They most likely sold
They most likely sold
This group of wallets originally caught our attention because of how still they are.
Browsing through historical data, $CHZ is not being sold, bought or transferred (blue cluster)
Browsing through historical data, $CHZ is not being sold, bought or transferred (blue cluster)
The first transfers were made before $CHZ started trading, which means those wallets can only belong to the team or private investors.
They have been holding for 4 years, and sold only 15% of their bags on Binance. This is a healthy behavior that should be celebrated.
They have been holding for 4 years, and sold only 15% of their bags on Binance. This is a healthy behavior that should be celebrated.
TIP: if you're invested into $CHZ, follow those wallets closely.
When funds are sent to Binance, be ready to react quickly!
Check-out $CHZ on Bubblemaps:
app.bubblemaps.io
When funds are sent to Binance, be ready to react quickly!
Check-out $CHZ on Bubblemaps:
app.bubblemaps.io
Thanks for reading! Below top tier accounts to follow for more on-chain insights:
@Only1temmy
@crypthoem
@VirtualKenji
@IamZeroIka
@TheDeFISaint
@crypto_linn
@CryptoGirlNova
@Subli_Defi
@rektdiomedes
@theData_Nerd
@DefiIgnas
@alpha_pls
@LouisCooper_
@ViktorDefi
@Only1temmy
@crypthoem
@VirtualKenji
@IamZeroIka
@TheDeFISaint
@crypto_linn
@CryptoGirlNova
@Subli_Defi
@rektdiomedes
@theData_Nerd
@DefiIgnas
@alpha_pls
@LouisCooper_
@ViktorDefi
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