Why Solana Memecoin Chill Guy Price Soared 30% Today?
- Solana-based meme coin ChillGuy tokens price surged by around 30% today.
- Crypto exchanges KuCoin and Bitget listed the CHILLGUY token causing the price rise.
- ChillGuy token gave 38,399x return to a trader, as per the Lookonchain analytics platform.
The latest Solana-based meme coin Just a Chill Guy is making waves in the industry with its cool nature. Adding to its whatever attitude, Chill Guy token listing on major crypto exchanges such as Bybit, KuCoin, and others is causing the price surge.
ChillGuy token mentions from influential figures such as Elon Musk are further grabbing attention from people on social media. While social platforms are buzzing with this trending meme coin and analyzing who is chill, the token is recording new all-time highs, soaring on an upward trajectory.
ChillGuy tokens price rose by around 30% in the last 24 hours and is currently trading above the $0.58 price level. If you are wondering what this ChillGuy token is and why its price is skyrocketing, read on!
Just a Chill Guy on Solana Blockchain
As its name suggests, CHILLGUY token is a just a chill guy token introduced on the Solana blockchain. It is inspired by a popular internet meme, featuring a super relaxed anthropomorphic dog with hands in his pockets. The meme token is radiating a cool vibe that doesnt make a big deal out of anything.
ChillGuy token was first introduced on Nov 15, 2024, with a starting price of around $0.3. After rising to $0.5 price level a week after its launch, it witnessed a continuous downtrend until the present price surge. Today, the token is trading at more than $0.58, recording an overall price increase of 50%.
Why Did the Chill Guy Token Price Soar 30% Today?
Source: CoinMarketCap
There are multiple reasons for the ongoing price rise of Just a Chill Guy token. One of the noteworthy reasons is the availability of these tokens on major crypto exchange platforms such as ByBit, Bitget, KuCoin, Crypto.com and others. Both KuCoin and Bitget announced their CHILLGUY token listing today.
you can hate a chill guy, but theyll keep building. pic.twitter.com/XalGlofMLV
just a chill guy (@chillguycto) November 27, 2024
Adding to the social media buzz around the ChillGuy token, Elon Musk replied to a tweet mentioning the chill guy meme and calling it the new figurehead of racists with ROFL emojis. Elon Musk is popular in the crypto industry, being known for his Dogecoin support with Doge memes on X. By joining the chill guy meme, he played a fair share in further increasing the attention around this Solana memecoin.
As a result new token listings and social media buzz around the meme token, Chill Guy token soared around 30% today. While the 24-hour trading volume crossed the $270 million mark, market capitalization is standing above $580 million, with a 30% increase in the last 24 hours.
Final Thoughts
Turned $160 into $6.14M, a 38,399x return!
Lookonchain (@lookonchain) November 27, 2024
12 days ago, this trader spent only 0.75 $SOL($160) to buy 12.5M $CHILLGUY on https://t.co/DrKlYnPPqY, and then sold 2.8M $CHILLGUY for 149 $SOL($35.4K). #CHILLGUY
The trader still holds 9.62M $CHILLGUY($6.1M), with a total profit of pic.twitter.com/a5tPaB3KpT
As per Lookonchain on-chain analytics platform, a trader reportedly made 38,399x returns with ChillGuy token. He bought 12.5M $CHILLGUY tokens, spending 0.75 $SOL around 12 days ago. Then, he sold 2.8M $CHILLGUY today for 140 $SOL, making a whopping 38,399x. Apparently, he still holds 9.62M CHILLGUY.
On another note, Chill Guy token is currently facing controversy and risks due to legal action from Phillip Banks, the original creator behind the Chill Guy meme. Earlier this week, Banks posted on X, saying chill guy has been legally copyrighted.
No matter the price surge and the hype behind the token, ChillGuy is a meme coin. And, meme coins are known for their extreme price fluctuations and short-term hype. It is only a matter of time Just a Chill Guy falls behind in a heap of meme coins. In case, you invested in this meme token, trade wisely and exit before it hits the road!
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Read more: https://thenewscrypto.com/why-solana-memecoin-chill-guy-price-soared-30-today/
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
