On-chain data shows a whale allegedly accumulating CHZ before the World Cup, with CEX holdings dropping to a net circulation of 13%.

BlockBeats News, March 4th, TKResearch Trading quoted Nansen data on social media, indicating that on the eve of the World Cup (June), there was a suspected whale accumulation of CHZ on-chain.

The data shows that the current total circulating supply of CHZ is 10.15 billion, with 5.63 billion held in Chiliz wallets and cross-chain bridges, 1.37 billion still on exchanges, and an estimated actual circulating supply of about 3.15 billion.

Since December 11th, exchanges have cumulatively net outflowed 150 million CHZ (from 1.52 billion to 1.37 billion). Nine new addresses bought a total of 384 million CHZ from Coinbase at an average price of about $0.033 per coin between December 11th and 14th. The price of CHZ then doubled to $0.06, and these addresses did not distribute during the price increase but instead continued to accumulate about 100 million coins. These large holders now collectively hold 384 million CHZ, accounting for approximately 28% of the exchange's total reserves and 13% of the circulating supply.