Chill Guy is the latest craze taking over the internet, and it’s leaving everyone wondering—what exactly is this all about? Originally a viral TikTok meme, it has quickly transformed into a crypto phenomenon. But here’s the twist: a Solana-based meme coin, named CHILLGUY, has seen an insane rise, reaching a market cap of $455 million just days after launching.
How did this meme go from a joke to a multi-million-dollar coin? The story behind its explosive growth is something you don’t want to miss. Let’s dive in.
When CHILLGUY launched on November 19, its market cap was just $21.25 million. Since then, it has shot up by an incredible 2,041%, now sitting at $455 million. The current price of CHILLGUY is $0.4147, with a 94.9% increase in just the last 24 hours.
On November 19, MoonPay, a crypto payment service known for its links to Solana-based meme coins, saw a huge jump in Solana transactions. In fact, the company reported more Solana transactions that day than all of November 2023 combined. While MoonPay hasn’t revealed the reason for this, many believe the sudden rise of CHILLGUY could be driving this surge.
At the same time, Solana price saw a 2.8% increase in price. It was trading at $239.80 on November 18, and since then, it’s grown by 0.70%.
Turning $1,000 into $1 Million
The CHILLGUY meme coin surge has also brought big profits to traders. One report highlighted a trader who turned a $1,000 investment into over $1 million by riding the wave of CHILLGUY’s rapid rise. This shows the potential for huge profits in meme coin markets when they take off.
It’s unusual for a TikTok meme to make waves in the crypto industry, but Chill Guy has proven it can. TikTok is especially popular with Gen Z, and this latest trend shows that cryptocurrencies, particularly meme coins, are attracting more attention from younger people.
Interestingly, the creator of Chill Guy isn’t thrilled with the sudden attention his character has received from the crypto world. He recently made his Twitter account private and publicly expressed concerns about his art being used in crypto projects, distancing himself from the CHILLGUY meme coin’s success.
The CHILLGUY phenomenon is a perfect example of how social media trends are influencing the crypto market. With meme coins gaining popularity among Gen Z, it’s clear that social media and cryptocurrency are becoming more closely connected.
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