Large Language Model (LLM) watermarking embeds detectable signals into generated text for copyright protection, misuse prevention, and content detection. While prior studies evaluate robustness using watermark removal attacks, these methods are often suboptimal, creating the misconception that effective removal requires large perturbations or powerful adversaries. To bridge the gap, we first formalize the system model for LLM watermark, and characterize two realistic threat models constrained on limited access to the watermark detector. We then analyze how different types of perturbation vary in their attack range, i.e., the number of tokens they can affect with a single edit. We observe that character-level perturbations (e.g., typos, swaps, deletions, homoglyphs) can influence multiple tokens simultaneously by disrupting the tokenization process. We demonstrate that character-level perturbations are significantly more effective for watermark removal under the most restrictive threat model. We further propose guided removal attacks based on the Genetic Algorithm (GA) that uses a reference detector for optimization. Under a practical threat model with limited black-box queries to the watermark detector, our method demonstrates strong removal performance. Experiments confirm the superiority of character-level perturbations and the effectiveness of the GA in removing watermarks under realistic constraints. Additionally, we argue there is an adversarial dilemma when considering potential defenses: any fixed defense can be bypassed by a suitable perturbation strategy. Motivated by this principle, we propose an adaptive compound character-level attack. Experimental results show that this approach can effectively defeat the defenses. Our findings highlight significant vulnerabilities in existing LLM watermark schemes and underline the urgency for the development of new robust mechanisms.