BSC ecosystem meme project Lord Cheems has announced the locking of the dev wallet address, causing a 37.6% price surge in the past 24 hours.

BlockBeats News, November 14th, according to official sources, Lord Cheems, a well-known meme project in the BSC ecosystem, announced that it will implement a one-year lock-up for the buyback address, which accounts for 7.36% of the total supply (approximately $7 million). Next year, after the unlock, the community will vote on how to deal with these tokens, all of which are from market buybacks.

The official statement indicates that this action is aimed at achieving greater decentralization, enhancing community development, protecting investor interests, promoting the healthy development of the project, and ensuring that every participant can share in the project's growth. Through this series of measures, Lord Cheems hopes to attract more supporters to collectively build Cheems culture.

According to market data, CHEEMS has surged by 37.6% in the past 24 hours, with a market cap currently standing at $98.4 million and a 24-hour trading volume of $17.6 million across all exchanges.