CHILLGUY Goes Boost Guy as Solana Meme Coin Hits All-Time High

avatar
Decrypt
10 hours ago

Just a Chill Guy (CHILLGUY) isn’t just chilling—it’s leading the pack.

Over the past week, the Solana-based meme coin has ballooned by more than 135%, including a 37% jump in the last 24 hours alone.

Now trading at over $0.62, Chill Guy’s market cap rose from $461 million to $621 million in just two days, according to CoinGecko data.

CHILLGUY’s rise began earlier this week when the original meme’s creator, Philip Banks, publicly announced legal action against unauthorized merchandise and knockoff coins exploiting his intellectual property.

Despite the controversy—or perhaps because of it—CHILLGUY became a viral sensation, attracting a flood of attention across platforms like TikTok and Twitter.

The meme coin has also racked up over 136,800 holders, according to Solscan data.

It’s not just retail investors triggering CHILLGUY’s surge. On November 25, onchain analytics platform Nansen revealed the meme coin saw $108,450 in smart money net inflows in just 24 hours.

“Smart money” refers to institutional and high-volume investors, per Nansen’s terminology, pointing to growing confidence in the long-term potential of CHILLGUY.

Its mascot, a laid-back cartoon dog in a sweater, has struck a chord with Gen Z and millennials, who seem to be pushing for the meme coin to outperform category veterans such as Dogecoin (DOGE) and Shiba Inu (SHIB).

The CHILLGUY rise comes as the crypto space also reacts to another emotional story. Mark Longo, whose pets Peanut the Squirrel and Fred the Raccoon were euthanized in a controversial government raid, launched the “Justice for Pnut and Fred (JUSTICE)” token in their memory.

Longo accused the government of overreach and criticized the crypto community for profiting off his tragedy by launching $PNUT and $FRED.

Meanwhile, JUSTICE has grown to a $28 million market cap with over 22,471 holders, showing the market’s tendency to respond to personal narratives.

Edited by Stacy Elliott.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
2
Add to Favorites
1
Comments