CHESS Token Surges 19.77% After Tranchess Announces Major Buyback, Trading Volume Hits 98.77M

CHESSUSDT has experienced a significant 19.77% price increase over the last 24 hours on Binance, rising from 0.0597 to 0.0715 USDT. This upward movement is primarily attributed to renewed bullish momentum following a rebound from the $0.0645 support level, increased trading activity, and the recent announcement by Tranchess of a planned token buyback of 10% of the total CHESS market value over the next six months. The buyback initiative has likely contributed to heightened investor interest and trading volume, which reached approximately 98.77 million CHESS (6.16 million USDT) on Binance in the past day. Market capitalization stands near $17.99 million, with the circulating supply at about 201.19 million CHESS out of a 300 million maximum. Despite previous reports of short-term declines, the current trend reflects strong buying interest and positive sentiment, supported by increased volume and recent technical breakouts.