![Chiliz [CHZ]: Before you decide to buy or not to buy, read this](https://i.headtopics.com/images/2023/1/3/cryptoamb/chiliz-chz-before-you-decide-to-buy-or-not-to-buy--chiliz-chz-before-you-decide-to-buy-or-not-to-buy--1610026398315429888.webp)
CHZ is temporarily ranked as the most traded token by the top 100 ETH whales. Its price has been on a consistent decline since FTX’s collapse. Chiliz [CHZ] recently found favor with top Ethereum [ETH] whales as the altcoin momentarily flipped Shiba Inu [SHIB] as the most traded token by this cohort of investors, data […]
This, however, failed to translate into any positive price rally for CHZ as it continued the bearish trend it closed 2022 with.
These indicated clearly the negative sentiment that was widespread in the CHZ market. The RSI and MFI fell below their neutral spots in the wake of the FTX debacle and have since been on a downtrend. Since then, CHZ has shaved off 62% of its value.
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