CHESS Pumps +23% Today. Why Tranchess is Surging on Binance But Watch Out.
CHESS/USDT on Binance just exploded +23.39% in 24 hours to $0.02717, hitting a high of $0.02855 with huge volume111.10M CHESS traded + $2.82M USDT.
Why the massive pump right now?
This looks like a classic pre-delisting squeeze/FOMO rally in early February 2026
Binance Delisting Announcement Binance confirmed on Feb 2 that CHESS (along with ACA, DATA, DF, GHST, NKN) will be delisted from spot trading on Feb 13, 2026 at 03:00 UTC (routine review for volume liquidity/activity). Withdrawals ok until April 13. News triggered panic buying or short squeeze traders rushing in for "last chance" pump before trading stops.
Technical Rebound Price bounced hard from lows $0.0171-0.0215 (oversold zone), with EMA(25) crossover starting bullish, expanding Bollinger Bands, and massive volume spike. Classic bounce after deep Jan, Feb dips.
Volume Squeeze 111M+ CHESS traded means thin liquidity amplifies moves FOMO trader activity exploding pre delist.
No major positive catalyst No new protocol updates, partnerships, or airdrops reported this seems driven purely by delisting hype (often leads to pump then dump post event).
Quick technicals from the chart
Strong rebound from lows, now testing resistance $0.027-0.028.
EMAs converging (25 bullish, but 50/100 still above resistance ahead).
Momentum strong short term, but RSI heating; watch for pullback if fails $0.028.
Short-term outlook
Bullish squeeze if holds $0.026+ Could push to $0.03+ pre-delist (FOMO continuation).
High risk Post-delist (Feb 13), liquidity crashes, often big dump. Many call it "pump before crash" take profits fast.
CHESS has yield utility in Tranchess (BTCB tranches, governance), but delisting from Binance hurts big DYOR heavily.
What do you think Quick moon predelist, or trap before dump?
Share charts thoughts.
Disclaimer
This analysis is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are extremely volatile and risky. The author may hold positions in mentioned assets. Always conduct thorough research and never invest more than you can afford to lose.