blockchainreporter.net
CHILLGUY has recorded a massive uptrend, registering a 24.52% price surge and $108,450 net inflow in the last 24 hours. That is according to data shared by Nansen on November 25, 2024.
The token’s impressive performance appears triggered by listings on several cryptocurrency exchanges this month. Since its launch, $CHILLGUY started trading high following exchanges like Gate.io and CoinW announced their support for the token.
Why ChillGuy is trending?
ChillGuy, a meme coin inspired by a viral TikTok sensation dubbed “Just a Chill Guy,” is becoming popular in the digital asset market. The founders launched meme coin on November 15, and within a week, its market cap hit $420 million. Its popularity attracted 120,000 holders on Pump.fun, a decentralized platform on the Solana blockchain, which enables users to create meme coins without hurdles.
With its light-hearted and funny charms, ChillGuy resonates with crypto enthusiasts on social media, attracting people’s attention and boosting its prominence.
Despite its viral trend, ChillGuy is facing legal issues as artist Philip Banks threatens to shut down the cryptocurrency. Mr. Banks claims he is the one who created ChillGuy’s logo, a smirking cartoon dog, arguing that the meme coin uses the flashing banner without his approval.
On November 21, Mr. Banks raised the copyright issues and announced plans to take a legal approach to fight against profit-driven projects using his artistic creation.
The announcement caused ChillGuy’s valuation to plunge by 54% from $500 million to $220 million. But now it appears the meme coin has recovered and maintains its viral momentum.
Meme coins on the move
CHILLGUY is the latest trending meme coin in the digital asset landscape, combining community engagement, humor, and innovation to fascinate global investors.
In contrast to conventional crypto assets, meme coins like Chillguy succeed because of their virality and cultural relevance. Their increasing prominence is normally propelled by their ability to connect with users worldwide through playful themes.
Their attraction lies in their community-driven spirit that drives their price and the potential for giving out huge returns. Their crafty tokenomics, strategic marketing, and lively communities ensure these tokens trend and become a movement.
The buzz surrounding CHILLGUY indicates a significant shift towards crypto assets that engage the audience with their impactful playful ideas. As many consumers look for creative ways to take part in the cryptocurrency revolution, CHILLGUY appears to be a new, engaging, and possibly good investment instrument. Its presence solidifies meme coins’ status as the next big thing in the crypto market.