Chiliz token price rose 8.72% in the past 24 hours to $0.0359, outperforming the broader market after a clear catalyst.
On June 1, Christian Ott shared a “Chiliz Insights” update on X, highlighting three positive developments that include a 4.66 million CHZ buyback and burn, Belgium’s national team joining the World Cup 2026 Fan Token roster, and Kayen Finance’s on-chain TVL surpassing $4 million.
The Chiliz price increase was driven by spot buying, not leveraged trades. Spot trading volume nearly doubled, showing genuine interest.
Token Burn and Belgium Fan Token Launch Drive Chiliz Token Demand
April’s burn destroyed 4,660,013 CHZ, worth roughly $167,363, the third monthly destruction under Chiliz Vision 2030, which routes 10% of monthly Fan Token revenue into buybacks.
Also, Belgium’s $BELG token launches via a June 3 offering of 2 million tokens at $1 apiece, lifting the national-team roster to 6, ARG, POR, ITA, SFA, SAFA, and BELG, with 5 carrying into the World Cup after Italy missed qualification.
Now, demand can be seen on-chain through Kayen Finance, which has been live since May 20 and already holds over $4 million in TVL across its Fan Token pools. PSG, Chiliz’s first Fan Token partner, also won its second straight Champions League title, giving SportFi a major headline at the same time.
Trading activity confirmed the interest, jumping 99.47% to $117.24 million. This is about 31.43% of Chiliz’s $372.48 million market cap, which puts the coin at 96th place. There are 10.39 billion CHZ in circulation with no supply cap, so monthly burns are the only way to offset new issuance.
Chiliz Price Reclaims 50 Sats but Sits Below Every Moving Average
The technical picture is more cautious. The latest daily close was $0.03587, from the $0.03651 open. The price reached a high of $0.03745 and a low of $0.03462.
Although there was a bounce from the $0.03303 session low, the overall trend has not yet recovered. Chiliz token price trades below the 20-day Bollinger band at $0.03999, with the lower band at $0.0291 and the upper at $0.0507.
All twelve tracked moving averages signal a Sell. The 10- to 50-day averages are grouped near $0.039 to $0.042, which is the first resistance area. The 200-day SMA at $0.08499 and the EMA at $0.07587 show how far Chiliz crypto has fallen below its long-term trend. The RSI is at 40.48, up from its lows and now above the 37.22 signal, suggesting momentum is improving but not yet signaling a full reversal.
Analyst Christian Ott takes a more positive view of the CHZ/BTC pair. CHZ closed above 50 sats after a 15% gain over two days, regaining a level lost the previous week. He sees potential for a move toward 65 sats, about a 30% increase from the current level.
For CHZ in USD, $0.040 is the key resistance level buyers need to break, while a drop below $0.03303 could lead to further declines.
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