The new trendy memecoin. In 2013, the venerable Dogecoin (DOGE) unknowingly founded what would become the great catch-all of memecoins. After the clones of the original Shiba Inu dog (SHIB, FLOKI, BONK,…), we were entitled to the frog from Pepe The Frog (PEPE)or even more recently to the Peanut squirrel (PNUT) and his sad story. But this time, it’s once again a canine memecoin that’s getting people talking: the viral Chill Guy (CHILLGUY).
- Chill Guy, a “quiet” canine memecoin, recently emerged and quickly went viral in the cryptosphere, reaching a valuation of $355 million.
- The memecoin recorded a spectacular rise of +5000% in just three days, creating several theoretical millionaires.
CHILLGUY: from Tik Tok to the most prominent memecoin in less than 24 hours flat
To start from the very base the character of Chill Guywhich suddenly invades social networks (and the cryptosphere more recently), is originally a creation of Phillip Banks in 2023.
Lately, this “quiet guy” with dog-like features and relaxed demeanor has become a viral meme on Tik Tok. Obviously, with the real memecoin factory what has become of the network Solana (SOL) thanks to the DeFi protocol Pump.funthe character was quickly taken up to make yet another meme-based token: CHILLGUY.
The phenomenon is such that even celebritiesincluding well-known figures from the cryptosphere, include images of this canine Chill Guy on their account. This is the case, for example, of Nayib Bukelethe president of Salvadorwho made Bitcoin the national currency of his country:
The madness surrounding Chill Guy has already reached several hundred million dollars!
At the time of writing these lines, the valuation (market cap) of the CHILLGUY memecoin is $355 millionaccording to data from CoinGecko. The token went from less than 0,007 dollar on November 18 at 0,355 dollar right now (with peaks at $0.45). Or an insane increase in +5000% in 3 days !
And as reported by the transaction tracking site on-chain Arkham Intelligencethis of course generated several theoretical millionaires from this same corner. Theoretical, because the liquidity still very weak CHILLGUY would not allow too massive a sale of tokens. At least not without doing drastically drop the price.
“He’s just a quiet guy who transformed [un investissement] the 865 dollars [dans le memecoin CHILLGUY le 15 novembre] in 6.4 million dollars. (…) »
Arkham Intelligence
The memecoin madness is not ready to finish, since the bull run of Bitcoin seems to be only just beginning. This Chill Guy may continue to rise for a while longer. But if the spectacular rise in memecoins is a marker of the start of a bull market, the latter are also in the first to fall violently as soon as major market cycles revert downwards. Enjoy the euphoria if you can afford to lose your stake, but don’t be too greedy as our English-speaking friends say.
