The crypto market is changing today! 🎢Binance announced the launch of 1000WHYUSDT and 1000CHEEMSUSDT 1-75 times perpetual contracts, causing market shock. CHEEMS fell more than 57% in a short period of time, with a market value of $137 million. Investors may need to fasten their seat belts. At the same time, WHY was not to be outdone, falling more than 30% in a short period of time, and its market value was temporarily reported at US$109 million. 📉

This move is a reminder that the highly leveraged nature of contract trading can have significant market impacts. Investors need to carefully assess risks and stay calm. 🔍Whether it’s up or down, the market is always full of opportunities and challenges.