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Debashree Patra
Debashree Patra
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- Nov 27, 2024 11:43 UTC
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Should You Buy Into the CHILLGUY Meme Coin Hype?
CHILLGUY, a new meme coin, has surged in value after being listed on major exchanges and receiving celeb endorsements.
The coin's success is fueled by increased exposure and strong market sentiment, but it faces legal risks.
CHILLGUY's future price movement depends on various factors, including investor sentiment, market trends, etc.
The meme coin “Just a Chill Guy” (CHILLGUY) has been gaining attention in the cryptocurrency space, with a 35% price jump after being listed on major exchanges like KuCoin and Bybit. This surge comes as the meme coin market is full of excitement, and CHILLGUY is catching the wave.
The coin’s recent success is largely due to its exchange listings. In just 24 hours, CHILLGUY’s trading volume spiked by 23%, reaching $244.96 million. Over the past week, it has gained an impressive 51%. These listings have greatly increased its visibility, helping it reach a wider group of investors.
MrBeast Boosts Attention
CHILLGUY is also getting a major boost from celebrity endorsements. YouTuber and entrepreneur MrBeast recently praised the coin on X (formerly Twitter), calling it “the biggest meme of our lifetimes.” His endorsement helped bring CHILLGUY into the spotlight, attracting more supporters. With such high-profile backing, many believe CHILLGUY could see wider adoption soon.
Potential Risks
However, the coin is not without challenges. The original creator of CHILLGUY, Phillip Banks, has expressed frustration with how his artwork is being used for profit, which could lead to legal action against the project. Despite this, the strong exchange listings and celebrity support have kept the coin in the spotlight for now.
Could CHILLGUY Reach $1?
If CHILLGUY continues to gain traction and attract big investors, it could eventually reach $1. At the time of writing, it’s trading at around $0.622, with a high of $0.648 and a low of $0.4156 in the past 24 hours. These price movements show strong market interest and growing investor confidence.
Some investors are already reaping the rewards. One reportedly spent $1 million on CHILLGUY, while another early investor bought 12.5 million tokens for just $160 and is now sitting on a $6.14 million profit.
However, if the market faces more selling pressure, it could see a temporary dip. Investors need to watch every move the coin takes to minimize the losses.
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