Bybit Delists CHEEMS Perpetual Contract: What Traders Need to Know

Bybit has officially announced the delisting of the 1000000CHEEMSUSDT perpetual contract, a move that affects futures traders holding positions in this meme-inspired token. The delisting, classified as a Tier 3 event, signals a shift in exchange support for CHEEMS on the derivatives market. While the token remains active on spot markets, this development warrants close attention from the trading community.

What Happened & Context

On May 26, 2026, Bybit issued a notice to delist the 1000000CHEEMSUSDT perpetual contract, citing standard review processes. This follows a period of notable price volatility: recent price alerts on Gate Futures showed a -8.8% drop in one hour on May 21, 2026, with prices sliding from $0.0000007531 to $0.0000006868. The token's price at the time of the delisting announcement was approximately $0.0000006607, reflecting a -5.65% decline over the prior 24 hours.

CHEEMS, launched in September 2024 on the BNB Smart Chain, gained traction as a meme coin with a strong community. It was previously listed on Binance, but the "coin listing effect" reportedly failed to sustain momentum, as noted by analysts. The delisting on Bybit futures may further pressure sentiment, though the token continues trading on 72 active markets.

Token Snapshot

• Name: Cheems (cheems.pet)
• Symbol: CHEEMS
• Platform: BNB Smart Chain (BEP20)
• Contract Address: 0x0df0587216a4a1bb7d5082fdc491d93d2dd4b413
• Circulating Supply: ~187.5 trillion tokens (self-reported: ~203.7 trillion)
• Total Supply: ~203.7 trillion (with a burn mechanism reducing from an original 7 billion)
• Market Cap: Not self-reported; 24h volume ~$2.23 million
• Tags: Memes, BNB Chain Ecosystem, Animal Memes, Binance Ecosystem

Risk Notes

Delistings from major exchanges like Bybit can reduce liquidity and increase price volatility for the affected token. Traders should be aware that perpetual contract positions will be closed automatically according to Bybit's schedule. The token's meme-coin nature adds inherent speculative risk, and the recent price declines underscore the potential for sharp moves. Always conduct your own research and manage position sizes accordingly.

Where to Trade

While Bybit futures are being delisted, CHEEMS remains available on other spot markets. For automated trading strategies and real-time alerts, consider using our dedicated bot.

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