He invested $160 in the $CHILLGUY meme coin, which multiplied more than 30,000 times
According to (Cointelegraph), a cryptocurrency trader bought the $CHILLGUY meme coin for only $160 (about NT$5,000) on November 15. Just one week later, the investment had multiplied more than 38,000 times.
On-chain analyst Lookonchain pointed out that this trader bought 12.5 million $CHILLGUY on the Pump.fun platform for a total cost of 0.75 $SOL (approximately $160) through 2 wallet addresses, and then sold 2.8 million of them. 149 $SOL were obtained, which was worth approximately $35,400 at the time.
As of November 27, the trader still holds 9.62 million $CHILLGUY, with realized and unrealized profits totaling 6.14 million USD, approximately 200 million TWD.
According to Solscan data, as of today (12/3) at the time of writing, he is still gradually selling $CHILLGUY, with around 7.65 million remaining, valued at 3.43 million USD.
Source: Solscan, a trader invested $160 to buy $CHILLGUY meme coin, skyrocketing over 30,000 times.
This means he still holds a large amount of $CHILLGUY, perhaps expecting to continue earning substantial profits in the future, but some netizens question whether he is an insider.
DexScreener data shows that $CHILLGUY is currently priced at $0.4356, with a market cap and fully diluted valuation (FDV) of $435 million, but liquidity is only $9.8 million, indicating that if the aforementioned trader suddenly liquidates their holdings, there may be a risk of a crash.
Source: DexScreener, the market cap and price of CHILLGUY meme coin.
Despite copyright disputes, Binance still listed the $CHILLGUY perpetual contract.
Although the $CHILLGUY meme coin has created a 'get-rich-quick myth', copyright disputes have also arisen.
The image of $CHILLGUY comes from the (Just a chill guy) comic series. Recently, the comic's author, PhillipBankss, stated that he has secured the copyright and will take legal action against unauthorized use.
However, some netizens are concerned that it is not easy to completely ban such decentralized and anonymously issued meme coins. (Crypto City) Previously reported, when Gii Kawai caused a stir in Taiwan, an anonymous person ignored copyright to issue related meme coins, which once drew attention on the social platform Threads.
Although there are copyright disputes, Binance announced on November 27 the listing of $CHILLGUY's USDT perpetual contract trading pair, with a maximum leverage of 75 times. (Chain News) The report interprets this as possibly opening a new door for unlicensed meme coins, making the future conflict of interest between copyright, meme coins, and exchanges worth paying attention to.
Further Reading:
What is CHILLGUY that can be listed on Binance? A popular meme coin with a troubled fate, characterized by LUCE opening the door.
[Disclaimer] The market has risks; investment should be cautious. The content of this article is for reference only. Participating in meme coin investments carries significant risks, and capital may be lost entirely. Users should reference more diverse indicators to determine whether to invest and consider whether any opinions, viewpoints, or conclusions in this article are suitable for their specific circumstances. Invest at your own risk.
'The cost was only 5,000! He bought 'this coin' and once skyrocketed 30,000 times, making 200 million TWD' This article was first published in 'Crypto City'.
