Cheems Token (ticker: CHEEMS) is a meme-themed cryptocurrency inspired by the “Cheems” internet meme, which features the Shiba Inu dog Balltze and a distinctive meme dialect that often appends “-m” to words. The token is presented as a community-driven project that emphasizes free expression, an open meme culture, and creative experimentation in media and entertainment. [1]
CHEEMS is a token deployed on Solana, and is one of Solana’s SPL token standards that has the typical capabilities afforded by that standard. SPL tokens can be configured with authorities (such as mint or freeze authorities), and projects sometimes deploy features like token burns or renouncements of certain authorities as part of their lifecycle governance. CHEEMS materials mention large-scale token burns and reference a period when freezing capabilities were used as a precaution in response to a broader wallet security incident affecting parts of the Solana ecosystem; the team is described as later renouncing freeze authority. [1]
As a general concept, token burns permanently remove tokens from the transferrable supply, typically by sending them to an irrecoverable address or using programmatic burn functions. Freeze authorities, when present, allow a designated key to halt transfers for specified token accounts as a risk control, though such a feature also introduces custodial considerations until the authority is removed. CHEEMS communications reference both mechanisms in describing its token supply history and incident response posture, but users seeking to verify specific transactions and authorities would need to consult on-chain explorers and the token’s mint address. [1]
Cheems (CHEEMS) operates with a high-supply token model. The total supply is reported at 690.69 trillion tokens, of which approximately 470.91 trillion have been removed through token burns, resulting in a remaining circulating supply of about 219.78 trillion tokens. In terms of market data, the token has been reported with a market capitalization of approximately $166 million and a 24-hour trading volume of around $13.5 million, based on publicly available metrics. [1] [3]