The post CHEEMS Price Surges 70% After $3.6 Million LP Token Destruction and Major Whale Purchase appeared on BitcoinEthereumNews.com.

COINOTAG has highlighted a significant ticker movement in the cryptocurrency market following the recent actions surrounding CHEEMS. On October 16, monitoring data from Lookonchain unveiled that a strategic liquidation of LP tokens valued at approximately $3.6 million by Cheems catalyzed an impressive price surge of around 70% for CHEEMS. This notable uptick emphasizes the correlation between liquidity management and token valuation in the crypto ecosystem. In a further demonstration of confidence, the notable trader Christian2022.eth made headlines by investing an additional 208 BNB, equivalent to $124,000. This transaction allowed Christian2022.eth to acquire a staggering 490.45 billion CHEEMS, bringing their total holdings to an impressive 8.19 trillion CHEEMS, valued at around $2.73 million. Such moves underscore the potential for volatility and opportunity within the ever-evolving landscape of cryptocurrency investing. Source: https://en.coinotag.com/breakingnews/cheems-price-surges-70-after-3-6-million-lp-token-destruction-and-major-whale-purchase/

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Filed under: News - @ October 16, 2024 5:24 pm