Chiliz (CHZ) Sees Explosive Activity Surge — Is a Comeback on the Horizon?

After a period of relative silence, the Chiliz network is back in focus, thanks to a sudden and substantial spike in network activity. But the big question remains: Is this resurgence a fleeting moment, or a sign of a sustainable rally that could drive strong demand for the CHZ token?

June Ends with a Bang for Chiliz

Chiliz closed out June with a dramatic increase in on-chain activity. Transaction volume soared from just 40,000 on June 20 to over 260,000 by June 30 — a staggering 550% spike in just ten days.

This surge wasn’t limited to just transactions. The number of active addresses exploded by 3,000% during the same period. Prior to June 29, the network was averaging fewer than 2,000 active addresses. That number shot up to over 30,000 by July 3, signaling renewed interest in the Chiliz ecosystem.

What’s Fueling the Sudden Growth?

Several catalysts appear to be behind this renewed momentum:

1. Fan Token Hype
   Much of the excitement may stem from speculation around new fan tokens launching soon. Chiliz’s Socios platform continues to onboard new sports teams, helping to drive engagement and expand the ecosystem.
2. Developer Engagement via Hackathon
   Chiliz recently launched a major hackathon aimed at attracting developers to build on its network. The campaign may have played a key role in ramping up user and address activity.
3. Speculative Interest in CHZ
   Traders may also be reacting to the possibility of CHZ being deeply undervalued, driving speculative flows into the token.

Why CHZ Speculation Might Be Picking Up

Despite the jump in activity, the profitability of CHZ holders remains historically low. According to Glassnode, less than 10% of CHZ supply is currently in profit, with most holders still underwater following a prolonged bearish trend that started back in December 2024.

CHZ is currently trading at around $0.034, down roughly 73% from its December 2024 highs, and a dramatic 96% below its all-time high. From a value perspective, this makes CHZ appear heavily discounted, which could be drawing the attention of bargain-hunting investors.

Signs of a Potential Bullish Shift

There are emerging signs of relative strength building up in CHZ’s technicals:

• The RSI (Relative Strength Index) recently moved back above 50 after briefly entering oversold territory, hinting at a possible trend reversal.
• The MFI (Money Flow Index) also indicates a return of positive liquidity flows, suggesting growing interest in the token.

These indicators reflect early bullish sentiment, but they’re not yet supported by significant market demand.

Still Waiting for Strong Market Confirmation

Despite the promising activity on-chain, broader market signals are still muted:

• Spot market demand remains relatively quiet, with no major inflows yet to signal large-scale accumulation.
• Open interest on derivatives platforms remains low, sitting under $20 million, suggesting a lack of aggressive speculative positioning.

Will Network Growth Drive a CHZ Recovery?

While the CHZ price has yet to respond with a meaningful rally, the surge in network activity could be the first step toward revitalizing investor confidence. For CHZ to mount a sustained comeback, the Chiliz network must maintain this momentum, possibly through more fan token launches, partnerships, and community engagement.

In the short term, all eyes will be on whether Chiliz can convert its recent activity spike into long-term growth — and whether CHZ can capitalize on this with stronger market traction.

July 2025, Cryptoniteuae