Chiliz Soars 13% Following Binance’s PEPPER Airdrop Announcement

Chiliz (CHZ) is experiencing a significant surge, climbing 13% to $0.07227, propelled by Binance’s recent announcement regarding the PEPPER airdrop.

The exchange revealed support for this new token distribution, igniting excitement among CHZ holders who are poised to receive free PEPPER tokens.

The first snapshot for the airdrop took place today, promising rewards for holders of at least 100 CHZ. For every 150 CHZ held, participants will receive 1,000 PEPPER tokens.

The market response has been enthusiastic, with open interest in CHZ skyrocketing by 58.45%. This surge in interest underscores the community’s anticipation and engagement with the upcoming PEPPER airdrop.

CHILIZ SURGES 13% ON BINANCE’S PEPPER AIRDROP ANNOUNCEMENT

Chiliz (CHZ) is on fire, jumping 13% to $0.07227 after Binance announced support for the PEPPER airdrop.

If you hold at least 100 CHZ, you’re set to snag some free tokens, with the first snapshot happening today.

For… pic.twitter.com/I0jivt1WXR

— IBC Group Official (@ibcgroupio) October 10, 2024

Chiliz’s CHZ Makes Strategic Moves In The Current Market 

Interestingly, Chiliz, the project behind CHZ and Socios.com, has made a notable move in the market. In a strategic maneuver, Chiliz withdrew 1.473 billion tokens from Binance, valued at approximately $103 million. This withdrawal accounts for 16% of the total circulating supply of CHZ.

While the exact reason for this large-scale withdrawal remains unclear, speculation suggests it may be linked to preparations for the PEPPER airdrop.

粉丝币 $CHZ 链上异动🚨

昨天下午起，CHZ 项目方 Chiliz(@Chiliz) 累计从 #Binance 提出 14.73 亿枚代币，价值 1.03 亿美金，占流通代币总数的 16%🤔

提现或许与 $PEPPER 空投有关，但不确定为何要提至链上；CHZ 是 Chiliz 开发的俱乐部平台 https://t.co/2UhO8oCr9s 的代币，近一个月已上涨 38%📈 https://t.co/b2nKlmeJRA pic.twitter.com/GU6hDuQ82R

— Ai 姨 (@ai_9684xtpa) October 9, 2024

CHZ has gained significant traction recently, climbing 38% over the past month. This surge in value reflects growing investor confidence and interest in the utility of CHZ within the Socios.com ecosystem. Socios.com, known for its fan token offerings that enable sports fans to engage with their favorite teams, continues to expand its user base and offerings, further enhancing the utility and demand for CHZ.

As excitement builds around the PEPPER airdrop and Chiliz’s strategic moves, CHZ remains a token to watch in the dynamic world of cryptocurrency markets. Investors and enthusiasts alike are eagerly awaiting further developments and announcements from Chiliz and Socios.com.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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Image Source: Photo by Kyle Hinkson on Unsplash // Image Effects by Colorcinch