- CHILLGUY surges 30% after listing on KuCoin and Bybit, gaining traction among retail and institutional investors.
- MrBeast’s endorsement propels CHILLGUY’s popularity, boosting interest in the meme coin space.
- Trader turns $160 into $6.14M with CHILLGUY, while legal concerns could pose risks to the coin’s future growth.
Just a Chill Guy (CHILLGUY), a meme coin on Solana, has been making great strides in the crypto space and especially so after the coin was listed on significant exchanges like KuCoin and Bybit. After these listings, the token price jumped by 30% and this attracted both the retail as well institutional buyers. The current meme coin rally has seen CHILLGUY among other coins surge in price, especially in the recent past.
Within one day, the trading volume of CHILLGUY increased by more than 43.23% and made $329.72 million. This can only mean one thing – increasing interest in the token, given that its value has surged by over 52.10% within the last seven days alone. The new listings on more exchanges have improved the relations of token with the potential investors to enable them to participate in the current meme coin market.
MrBeast Boosts CHILLGUY Popularity
The token’s popularity grew even further this week, thanks to support from entrepreneur and YouTuber, MrBeast. In an X post, MrBeast described CHILLGUY as “the biggest meme of our lifetimes” which has led to more people from the crypto space paying attention to him. The endorsement proves that social media influencers are powerful for boosting meme coins such as CHILLGUY.
Nevertheless, CHILLGUY as a relatively news, it has its own problems that could influence the further development of the brand. Phillip Banks, the man who created the meme that was used for the token, has complained that his intellectual property has been used without his permission. It could cause problems to the project if Banks takes any actions in regards to these issues which can also pose direct threats to the image of the coin and the market.
As of now, the value of token is $0.5934, the price reached the maximum value $0.649 and the minimum value ($0.4154) in the last day. However, given the rise in positive sentiments with regards to the coin particularly due to endorsement from MrBeast, the token can still rise. There are some traders who peddle the notion that if coin penetrates certain barriers, it may hit the $1 mark in the coming days.
CHILLGUY Investment Success
A particular case is associated with a trader who managed to earn $6.14 million from the initial investment of $160 by purchasing 12.5 million CHILLGUY tokens. The trader also decided to sell some of his tokens, and made a profit worth $35,400, but still have about 9.62 million tokens in his wallet, with an estimated value of $6.1 million.
Although CHILLGUY is expected to do well in the next one or two years, investors should exercise carefulness. It is vulnerable to market fluctuations, and the legal issues that are currently being encountered might bring more risks. As always, investors should continue to watch the market and make the necessary changes to their strategies in order to avoid the risks that are inherent with this and other leveraged assets.
