Odaily Planet Daily News: NDV co-founder Christian2022.eth posted on X platform that he was shocked to see the news of Cheems going public. He asked the operation team of Cheems Twitter, but they were completely unaware of the news. After analyzing the reasons for the sharp decline, it was found that the "mouse warehouse" address, which started from the surge on the 19th, continuously raised its price, coupled with the robots on BSC, generating a short-term selling pressure of several million US dollars until it was caught at the bottom. Without maliciously speculating whether these large orders bought later were insider rat positions or just speculative buying based on forecasts, the ultimate consensus is that Cheems' consensus is not strong enough to reach the $200-300 million range, and is supported by unrealistic listing expectations (spot). When expectations fall, a sharp decline is inevitable.
