Cheems Token Skyrockets 5450% In 30 Days After Major Burn And Migration
The post Cheems Token Skyrockets 5450% In 30 Days After Major Burn And Migration appeared on BitcoinEthereumNews.com.
The memecoin frenzy continues as @LordCheems_bsc ($CHEEMS) sees an extraordinary 5450% increase in just 30 days. Following a recent burn of $3.7 million worth of tokens, the Cheems token surged to a new all-time high (ATH) today, reaching $0.00000042. This sharp rise has boosted its market cap to $74.5 million, as the BNB Chain-based token gains momentum. The BNB Chain memecoin, Cheems( $CHEEMS), continued its rise today with a 50% increase, bringing its market cap to $74.5 million. On Sep. 28, Cheems announced its migration from the #zkSync chain to #BNBChain, and since then, $CHEEMS has surged nearly 1000%. Additionally,… pic.twitter.com/ScZ7TbFPxj — Followin (@followin_io) October 17, 2024 Cheems’ price spike can be attributed to its recent migration from the zkSync chain to the BNB Chain. Since the announcement on September 28, $CHEEMS has soared nearly 1000%. A community vote led to the burning of 16.1 trillion $CHEEMS, worth $3.7 million, which represented 7.33% of the total supply that hadn’t been migrated. Additionally, the Cheems team burned all official liquidity pool (LP) tokens, valued at $3.6 million, and relinquished ownership of the liquidity pool, further increasing investor confidence and contributing to the token’s meteoric rise. 5450% up in just 30 days 🤑🤑 @LordCheems_bsc, a memecoin that recently burned $3.7 million worth of its tokens, is going bonkers.#CHEEMS token made a new ATH today 🚀 How many of you have heard about $CHEEMS? 👇 pic.twitter.com/HO4LODCMa4 — Wise Advice (@wiseadvicesumit) October 17, 2024 One Of The Most Active CHEEMS Wallet Continue Increasing Holdings One of the most active whales in the Cheems ecosystem, Christian2022.eth, has continued to increase his holdings. In the past seven hours alone, he spent 208 BNB (around $124,000) to acquire 490.45 billion $CHEEMS tokens. This brings his total Cheems holdings to 8.19 trillion tokens, worth approximately $2.73 million. The price of…
Filed under: News - @ October 18, 2024 3:23 am