According to ChainCatcher, Binance recently announced the launch of 1000WHYUSDT and 1000CHEEMSUSDT 1-75 times perpetual contracts, which triggered violent market fluctuations. First, CHEEMS plummeted by more than 57% in a short period of time, and its market value temporarily fell back to $137 million, showing that investors' confidence in the currency fluctuated. At the same time, WHY also experienced a short-term decline of more than 30%, and its market value was temporarily reported at $109 million. These changes show that the market has reacted strongly to the launch of new contracts, and investors need to pay close attention to the further developments of on-chain data and market value rankings in order to adjust their investment strategies in a timely manner.