The meme coin Chill Guy ($CHILLGUY), based on a popular internet character, has seen a massive surge since its launch on Nov. 15.
The meme coin Chill Guy ($CHILLGUY), based on a popular internet character, has seen a massive surge since its launch on Nov. 15. The coin’s market cap jumped from $10 million to $500 million, with a 60% increase in just 24 hours, although it has since retraced to about $440 million. The coin’s rise is largely attributed to the viral success of its mascot, an anthropomorphic dog in casual attire, which has resonated with Gen Z on platforms like TikTok.
In the last 24 hours, Chill Guy outperformed major meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB), becoming a hot topic in the crypto market. The coin’s rapid rise has also led to substantial profits for early investors, with reports of one trader turning a $1,000 investment into over $1 million.
Despite this, Chill Guy’s value continues to climb and remains a prominent topic in the meme coin space. Its rise mirrors the success of other meme-based cryptocurrencies, such as Floki (FLOKI) and Peanut the Squirrel (PNUT), which have experienced explosive market growth in recent months. However, experts warn that meme coins, known for their volatile nature, come with significant risks. While they can yield substantial profits, they also have the potential for sharp losses, making them high-risk investments.
As of now, Chill Guy’s market cap stands at around $440 million, with continued interest from both investors and internet meme enthusiasts. The ongoing legal dispute between Banks and those using the character for commercial purposes will likely play a key role in the coin’s future.
This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators.
This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice.
The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap.
link