CHILLGUY surges 20% after KuCoin and Bybit listings, gaining meme coin market traction.
MrBeast endorses CHILLGUY, boosting its visibility and drawing interest from investors.
Legal issues arise as creator Phillip Banks challenges the unauthorized use of his artwork.
Solana meme coin Just a Chill Guy (CHILLGUY) has distinguished itself within the digital currency landscape. After the token was listed on major exchanges such as KuCoin and Bybit, its price rose by 20%. This surge occurs in a booming meme coin market, catapulting CHILLGUY into the spotlight as one of the most talked-about tokens.
CHILLGUY’s trading volume increased by 35.61% in just a single day to $291.28 million. The coin has gained 51.54% in value over the last week, indicating a growing wave of interest. Listings on several exchanges have been critical to CHILLGUY’s rise and helped widen its market exposure to a wider range of investors while attracting much interest from retail and institutional investors.
MrBeast Endorsement Boost
Popular YouTuber and entrepreneur MrBeast praised the coin in an X post on Tuesday, calling it “the biggest meme of our lifetimes.” His endorsement has significantly expanded the coin’s visibility and lured more investors, making it one of the main memecoins.
The original creator of the meme, Phillip Banks, has raised flags over his artwork being profited from without his authorization. The project also faces the possibility of legal action from Banks, which could make things ugly for CHILLGUY in the future. There are also some concerns with respect to these legal issues, which might impact the coin’s long-term stability.
As of press time, CHILLGUY is trading at around $0.6195. It has ticked up towards a high of $0.648 and down to a low of $0.4156 in the last 24 hours. Due to positive investor sentiment and strong influencers’ backing, CHILLGUY could eventually break the $1 mark if it keeps gaining momentum.
Massive Returns for Trader
A trader turned a $160 investment into $6.14 million, achieving a 38,399x return in just 12 days. According to the analytical platform Lookonchain, the trader bought 12.5 million CHILLGUY tokens for $160 on (Pump.fun), then sold 2.8 million CHILLGUY for $35.4K. Despite taking profits, the trader still holds 9.62 million CHILLGUY, currently valued at $6.1 million.
While the future of CHILLGUY seems promising, investors should also be aware of its vulnerability to market volatility. Therefore, it is important for investors to be vigilant, and pay attention to how a coin is moving, and adapt strategies to avoid losses.
The post CHILLGUY Surges After Exchange Listings and MrBeast Boost appeared first on CryptoTale.
