CHIP is surging roughly

↗4.5%

in the past hour, powered by

and

.

Institutional backing drives momentum

The Bullish $100M commitment

and

sparked strong buying, pushing CHIP to trade near its 24-hour high (95.3% of the day's range) despite heavier selling activity.

Holding gains through market uncertainty

The gains held even as trading activity across crypto fell roughly

↘29%

over the past 24 hours and selling pressure increased — a sign of real conviction behind the institutional backing.