A new memecoin called CHILLGUY was launched based on a viral TikTok meme of a smiling dog, created by Philip Banks in 2023. The coin’s value increased by 80% in just 7 days, reaching an all-time high (ATH) of $0.65 and a market cap of over $600M. Despite facing legal threats from Banks for copyright infringement, the token continued to rise in value.
Major exchanges Bybit and Binance recently listed CHILLGUY, and one trader turned a $160 investment into $6.1M by trading the CHILLGUY tokens. The project’s rapid growth has attracted the attention of crypto traders worldwide, placing it among the fastest-growing memecoins in the current market cycle.
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<p>The post Chillguy Memecoin Skyrockets: The Rise and Challenges of a Viral Dog Meme-Inspired Crypto first appeared on CoinBuzzFeed.</p>