CHESS Token Plummets 64% as Leading Exchanges Announce Major Delistings and Trading Changes

Tranchess (CHESSUSDT) experienced a sharp price decline in the past 24 hours, primarily attributed to major delisting announcements from leading exchanges, including Binance, which confirmed it will end spot trading for CHESS on February 13, 2026. The removal of CHESS futures from other platforms on February 5, 2026 and the cessation of margin trading on Binance intensified selling pressure, causing a liquidity crunch and heightened bearish sentiment.

Currently, CHESSUSDT is trading at approximately $0.01000 on Binance, marking a 64.05% drop from its 24-hour open. Trading volume has surged to over $20 million, indicating elevated market activity amid significant price volatility. The circulating supply is about 206 million tokens, with a market capitalization fluctuating around $2 million. Governance activities for the protocol on BNB Chain continue, but centralized exchange support for CHESS has markedly decreased.