As CHZ pumps +150%, yellow flags emerge

If you needed any more proof that NFT’s are the market’s favorite new toy, Chiliz’s (CHZ) price chart over the past 72 hours should do the trick.

For those fuzzy on the name, CHZ is the token powering the Chiliz blockchain, which aims to build “the world’s first scalable fan engagement & rewards app where fans can buy & trade branded Fan Tokens as well as vote in club-focused surveys & polls.”

The ERC-20 coin has surged by +156% since the start of the month, reaching a new price all-time high of $0.141 just a few hours ago. It has since retreated slightly, but still remains the best performing cryptocurrency over the past 24 hours:

CHZ, price, past 30 days (Source: Sanbase)

The reason for the rally appears to be twofold. On March 2nd, the Chiliz team announced their

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