Cheems: From Viral Meme Dog to Cryptocurrency Icon
Cheems, originally known as Balltze, was a Shiba Inu dog from Hong Kong that became famous due to his goofy expressions captured by his owner, Kathy, in 2017. This viral fame led to the creation of several Cheems-themed cryptocurrencies such as Cheems (CHEEMS), Cheems Inu, and The OG Cheems Inu. Despite gaining different levels of success, these tokens follow the meme coin trend initiated by Dogecoin (DOGE). Tragically, Balltze passed away in August 2023 due to health complications. This has led to an outpouring of condolences from the cryptocurrency community, which has also been supportive of Kabosu, the Shiba Inu behind the Dogecoin meme, currently facing health issues. The cryptocurrencies inspired by Cheems continue to attract attention, often going viral due to social media hype, although they exhibit mixed financial performance in the market.
Neutral
The announcement of Cheems’ passing does not introduce any immediate, significant changes to the market. While it brings emotional responses and social media activity, leading to short-term attention to Cheems-themed cryptocurrencies, these reactions do not substantially alter market stability or long-term trends. Historically, such events have minimal impact on trading volumes and prices, maintaining a neutral outlook in the market.