Binance Announces PEPPER Token Airdrop, Boosting Chiliz (CHZ) Value by 13%.
The announcement by cryptocurrency exchange Binance about their support for the airdrop of the PEPPER crypto token, which will reward Chiliz holders with exciting prizes, has significantly increased the value of CHZ, the native cryptocurrency of the sports blockchain platform Chiliz.
Chiliz Price Eyes Strong Gains Amid Binance Airdrop Development
As a consequence of this, the price of Chiliz has dramatically increased by 13%, reaching a high of $0.07227, and its market capitalization has surpassed $650 million. The first PEPPER airdrop photo will be taken on Thursday, October 10, followed by three more later in the month.
To be eligible for participation and to acquire PEPER tokens, users must have a minimum of one hundred CHZ in their wallets. This includes the funding wallet, the spot wallet, and the margin wallet alike.
There has been a large increase in the price of chili as a consequence of this development. Investors are seeking to acquire additional PEPPER coins following today’s airdrop snapshot. The agreement stipulates that Chiliz token owners will receive one thousand PEPPER tokens for every 150 CHZ they own.
We have scheduled the airdrop images to occur between October 10th and October 31st, 2024. The following are some of the most notable cryptocurrency airdrops scheduled for the year 2024.
Balances in specific types of accounts that are eligible for CHZ eligibility will be eligible; however, borrowed tokens will not be eligible. Once we implement the snapshots, we will distribute PEPPER tokens in a single batch.
It is important to note that trading services like Spot and Futures will continue to function normally notwithstanding the airdrop. Participation does not guarantee approval for the listing of PEPPER on Binance, as it will undergo the standard review process. In the near future, the Chiliz Blockchain will issue Pepper as the first meme coin.
Despite not fully understanding its purpose and utility, the community has designed the coin with the idea of “taking the reins and riding”. According to the statistics provided by Coinglass derivatives, the open interest available for CHZ has increased by 58.45%, reaching $69.39 million.
Furthermore, the 24-hour liquidation has surpassed $1.22 million, with $621,000 coming from only short liquidations. In August of this year, the Chiliz (CHZ) token experienced a significant rebound, going from $0.043 to achieving a value that was more than $0.07.
Additionally, the price of CHZ has successfully formed a double-top chart pattern, indicating that it has effectively transformed the resistance level of $0.0715 into support.
Furthermore, CHZ has risen above both the 50-day and 100-day Exponential Moving Averages, which is an indication that bullish momentum is gaining strength. As a result, Chiliz is poised to achieve further gains, with $0.084, the lowest swing since April 13, serving as the next significant milestone to monitor.
