The core issue with Cheems (cheems.pet) lately isn't really about 'who's dumping,' but rather the liquidity and market-making rhythm itself. The selling pressure in the spot market and the shorts in the futures market seem to explain the drop, but the project team lacks a clear motive and capability to dump, plus the community trading activity is pretty low, making it hard for bulls and bears to really battle it out.
Currently, $CHEEMS is priced around $0.0{6}49, with a 24h trading volume of about $1.73 million and a market cap of approximately $91.4 million. Short-term, we should focus more on market-making recovery, trading depth, and community engagement, rather than just chasing pumps and dumps.
#CHEEMS #MemeCoin #BinanceSquare
Currently, $CHEEMS is priced around $0.0{6}49, with a 24h trading volume of about $1.73 million and a market cap of approximately $91.4 million. Short-term, we should focus more on market-making recovery, trading depth, and community engagement, rather than just chasing pumps and dumps.
#CHEEMS #MemeCoin #BinanceSquare