1000CHEEMS Token Drops 10% Amid Perpetual Contract Delisting and Surging Memecoin Trading Volume

1000CHEEMSUSDT experienced a notable 10.02% price decrease in the last 24 hours, likely influenced by recent announcements regarding the upcoming delisting and settlement of perpetual contracts across several platforms, which may have caused heightened volatility and trader repositioning. Despite a brief surge earlier in the week attributed to renewed memecoin interest and technical discussions on Binance Square and TradingView, market sentiment shifted amid the contract updates and broader cautious outlook on high-risk assets. The token is currently priced at $0.000503 on Binance, with a 24-hour trading volume of 1.84 million USDT and a circulating supply of approximately 187.5 billion tokens. Market capitalization is estimated near $100.85 million, and the asset continues to show price fluctuations across exchanges as traders respond to shifting developments and news.