$CHEEMS's flash crash this morning was truly unexpected! Binance suddenly shut down withdrawals, completely severing on-chain and CEX arbitrage channels. The price collapsed instantly, and some people took advantage of the chaos to dump their long positions—a classic liquidity trap. Luckily, I reacted quickly and exited with profit-taking. Meme coins like these are highly volatile, and there's no stopping them; the key is to escape quickly. #meme