Chiliz Chain 2.0 generated its first block amid a CHZ decline. Social metrics spiked but long suffered immense liquidations. On 8 February, Chiliz [CHZ] announced that its recently launched chain 2.0 had produced its first block. According to the tweet shared by its CEO Alexandre Dreyfus, the event occurred at exactly 8:08 am UTC. Breaking. […]
on-chain. Based on information coined from Santiment, the social volume hit a two-month high as it burst through to 1.72% on 8 February.
Social dominance is built on data measuring the discussion around an asset. So, the increase implied that CHZ was one of the tokens on the investors’ radar on the said date.While the social volume also picked a similar trend, data at press time showed that it had decreased. This means that the search for the asset had reduced compared to the previous highs., about $1.14 million worth of traders’ open orders were liquidated in the last 24 hours.
An evaluation of the data shown by the derivatives information provided that longs accounted for over 90% of the wipeout while shorts suffered little.Subscribe to get it daily in your inbox.
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