1000CHEEMS Surges 4.47% as Binance Listing Spurs High Volatility, $93M Market Cap

1000CHEEMSUSDT has experienced a 4.47% price increase over the past 24 hours, rising from 0.000492 USDT to 0.000514 USDT on Binance. This movement is largely attributed to active trading following Binance’s listing of the token for spot, margin, and futures trading, including the launch of a perpetual contract with up to 75x leverage and updates to tick size and funding rates effective February 12. Community and social media discussions highlight heightened volatility, with mixed technical signals indicating both increased sell pressure and the potential for a short trade bias, while some analysts point to oversold conditions and possible price rebounds. The token’s trading volume remains strong, ranging from $1.03 million to $2.45 million in the last 24 hours, and market capitalization is estimated near $93 million, reflecting continued interest amid a highly volatile market environment.