An overview of the new Cheems (CHEEMS) memcoin

This is what the creators of the new meme token Cheems, which will be discussed in this article, have done. However, how different is it from typical meme tokens already plentiful in the crypto market?

What is Cheems?

Cheems (CHEEMS) is a new meme token issued on the BNB Smart Chain blockchain using the BEP-20 standard. It belongs to the 'dog' memcoins, which started the development of this segment with the appearance of Dogecoin (DOGE) and then similar meme-tokens like Shiba Inu (SHIB) and FLOKI (FLOKI).

The CHEEMS meme token is based on the image of a real-life dog named 'Chims' of the Shiba Inu breed, which gained popularity and became a meme back in 2017. Like many similar projects, the Cheems meme token is focused on community and social engagement.

To popularise its project, the Cheems team combines memes 'viral' ability with blockchain technology. In this respect, the asset is no different from many others, including more significant projects, some of which, such as Shiba Inu and Floki, have their own developed ecosystem and decentralized services.

What makes the Cheems meme token stand out from other projects?

At first glance, Cheems is not much different from most other meme tokens, including those in the Solana ecosystem: the project has a simple website with a short history, description, and a few sections. However, the CHEEMS meme token is traded on major crypto exchanges such as Binance, Bitget, and KuCoin.

Among the distinctive features of the Cheems memcoin is the CryptoForGood initiative, according to which the project team donates 100% of the proceeds from the sale of goods through its shop to animal welfare charities and also cooperates with the owner of the Cheems dog himself.

In addition, the Cheems team is developing a metaverse called Cheemverse. The project is developing, and its developers are not focused solely on making a quick profit, as is often the case with meme tokens.

About CHEEMS token

CHEEMS meme token was released and placed on crypto exchanges in September 2024. It's worth noting that when searching, one can come across another token with the same name issued in September 2021 at the peak of the second major crypto boom, when bitcoin and many other cryptocurrencies updated their all-time highs (ATH).

However, this meme token has lost ground in a big way, while the new CHEEMS is ranked 228th in CoinMarketCap's cryptocurrency ranking by market capitalization, which is $174.7 million as of March 2025, slightly behind such well-known meme tokens as:

• Act I: The Prophecy (ACT),
• Peanut the Squirrel (PNUT),
• Mog Coin (MOG).

Initially, 690,690,690,690,690 CHEEMS tokens were issued. However, after the launch of the meme token, the team burned unclaimed ~471 trillion CHEEMS tokens. After burning the tokens, only 219.7 trillion CHEEMS tokens remain in circulation.

However, the number of tokens continues to decline: as of March 2025, only 203 trillion CHEEMS tokens are in circulation, according to monitoring service CoinMarketCap.

In November 2024, two months after listing on exchanges, the Cheems meme token reached its all-time high of $0.00000154, which it still maintains. Although, as of March 2025, the value of the Cheems meme token is nearly 40% lower relative to the ATH level compared to the price at the time of listing, the meme token's value has increased by over 2,200% and currently stands at $0.00000093.

Cheems has consolidated its position in the top 30 meme tokens and continues strengthening its position. In contrast, many other meme tokens have lost between 50% and 80% in value over the last 90 days, some even more.

However, it is worth remembering that meme tokens, even capitalized ones, are highly volatile, and competition in this segment continues to grow.