Chiliz registered nearly 20% weekly gain and also remained popular among whales. Chiliz will soon announce the final phase of Scoville Testnet this year. Chiliz [CHZ] remained popular among whales as it was one of the top 10 purchased tokens among the 500 biggest Ethereum whales, as per a WhaleStats tweet on 10 January. JUST […]
One of the most important updates was the launch of Chiliz Scoville Testnet, the public testnet for Chiliz Chain 2.0. The announcement was made in March 2022, but since then the testnet has come a long way.
As of today, phases 1–5 of the Scoville Testnet have been launched and tested, and Chiliz will soon announce the final phase in 2023.A 500.25x hike on the cardsChiliz’s performance on the metrics front has also been promising since the beginning of this year and has supported the current pump. For instance,
demand in the derivatives market remained consistent as its Binance funding rate was relatively up. CHZ’s exchange outflow also spiked last week, which was a bullish signal.Moreover, CHZ’s velocity went up, increasing the chances of a continued surge.
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