Chiliz turns up the heat. PepperFest’s first birthday brings rewards, contests, and a massive community firestorm as CHZ prices trade near weekly lows.
Chiliz, the sports blockchain that powers CHZ and Socios.com; launched PepperFest will be held on Friday, October 10th and will celebrate the first digital anniversary of the community token PEPPER.
The two-week campaign will run until October 24th across the project’s social and community platforms. It features a surprise airdrop for stakers, a “Raid to Earn” event, creator bounties paid in CHZ, and a community-driven burn that can remove up to 1 trillion PEPPER from circulation.
The announcement comes as CHZ remains near weekly lows in volatile crypto markets, trading between $0.039 and $0.042.
According to Coin Gecko data, CHZ is trading around $0.0393 with a 24-hour range of $0.0391 to $0.0421 and trading volume of nearly $88 million.
(sauce: Colling gecko)
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According to campaign details, PepperFest began with an airdrop of 4 trillion tokens to users who have already staked PEPPER. Over the next two weeks, the event will reward community participation through “raids” and creator challenges.
100 creators will each earn 500 CHZ for their content, and engagement on official PepperFest posts, likes, reposts, and comments will facilitate the burning of rolling tokens up to 1 trillion PEPPER until October 24th.
The idea is simple. The idea is to reward activity, enhance community participation, and reduce the supply of tokens during the festive period.
Meanwhile, next Chili’s chain upgradesThe event, called Snake8, is scheduled for Tuesday, October 14th (11:00 CET). This update changes the mechanism for selecting validators. This is a randomized block producer mechanism with minimal participation.
This strengthens fairness and competition among authorized Bitcoin holders and potentially improves the overall performance of the network.
The group said in September that Socios Europe Services would be permitted under the EU’s MiCA framework.
Another regulatory action initiated by Chiliz is the MiCA-compliant CHZ whitepaper. This is a regulatory action that could strengthen our partners and sales in Europe in the fourth quarter.
Whether CHZ will benefit in the long run will depend on three factors: the final write count by October 24th, the number of users participating in raids and bounties, and whether the Snake8 upgrade on October 14th improves network performance for builders and validators.
Broader market trends also remain important. Bitcoin volatility and global headlines continue to shape risk sentiment across crypto markets.
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CHZ Price Prediction: What does the current CHZ price range reveal about market sentiment?
recent charts share X crypto analysts suggest that Chiliz (CHZ) may be nearing a breakout after nearly seven months of tight consolidation.
You better start praying. This summary box will end soon. And no. It will not be zero.
Maybe it’s coming soon and the explosion that follows will be shocking… UP!
GL. #Chz pic.twitter.com/VSntnK5vU8
— 21st Century Cryptography (@21centurycrypto) October 10, 2025
The analyst pointed out that the sideways movement will “end soon” and hinted at the possibility of an upward move in the future.
The daily chart shows that CHZ has remained within the accumulation zone defined between $0.033 and $0.049 since March 2025.
This range has been repeatedly tested with tokens and has been finished with a classic horizontal that is excellent at anticipating sharp movements. CHZ is currently trading between $0.039 and $0.04, slightly above the key support level.
(sauce: ×)
Momentum indicators support a bullish trend. Since May, LWTI (Momentum Indicator) has been trending upward with bullish divergence as prices have been flat, indicating the accumulation of purchasing power.
If the indicator’s green line remains above the 50 line, it indicates that positive momentum is building below the surface.
If CHZ is able to break through the $0.049 resistance, the next potential upside is around $0.066 and $0.088, which corresponds to the early 2025 highs.
On the other hand, a failure below $0.033 would damage the formation, but analysts ruled out a complete reversal.
Rather, he said the upcoming breakout was potentially “amazing” and signaled a strong belief that the months-long consolidation phase is nearing an end.
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