In the current bullish market, it’s a paradise for memecoins. This is especially true on the Solana chain, where the number of memecoins has exploded recently.
CHILLGUY, also known as Just a Chillguy, is one of them, quickly riding the wave of the popular “Just a Chillguy” meme that’s been trending lately.
The Meme started from TikTok
The Chillguy meme, featuring an anthropomorphic dog in casual attire, was created by artist Philip Banks and first posted on social media in October 2023. It quickly gained popularity on TikTok, where users embraced its laid-back, carefree vibe, often pairing it with humorous or relatable content.
The viral trend on TikTok played a major role in the meme’s widespread recognition and even led to the creation of a cryptocurrency named CHILLGUY. Along with the meme’s recent popularity and the excitement in the memecoin market, CHILLGUY has skyrocketed and exploded in the crypto market.
“Just a Chillguy” token
A Rising Star
CHILLGUY is a memecoin born on the Pump.fun platform, inspired by the meme of a dog dressed in a hoodie, jeans, and sneakers, exuding a calm and relaxed vibe that brings a sense of “chill” and ease.
The Chill Guy meme has not only become a trend among the youth but has also spread across various fields, from sports like football and basketball to everyday life situations. This widespread appeal has quickly turned Chill Guy into a phenomenon.
Thanks to the viral nature of the Chill Guy meme, someone swiftly created the CHILLGUY memecoin on Pump.fun In less than two weeks since its launch, CHILLGUY reached a market cap of $516 million, an impressive feat for a new memecoin.
Over 134,000 wallet addresses hold CHILLGUY, indicating significant interest from the community and investors. This signifies its popularity and reflects the decentralized (community-owned) nature of this meme coin.
To put the scale of CHILLGUY’s holder count into perspective, consider these long-standing meme coins:
- WIF with a market cap of $3 billion and over 200,000 holders.
- POPCAT with a market cap of $1.3 billion but fewer holders than Chill Guy, with just over 110,000.
- Even the recently billion-dollar memecoins GOAT and PNUT have only around 65,000 holders each.
The allure of CHILLGUY is undeniable. Boasting over 134,000 holders despite its market cap being far behind those of these “veteran” meme coins.
A Bubble About to Burst?
As the memecoin continues to hit new highs, the creator of the CHILLGUY meme has spoken out unexpectedly.
Philip Banks, the creator of the Chill Guy meme, has expressed that he does not want his creation associated with cryptocurrency. He has also registered the copyright for the Chill Guy meme and demanded the removal of its image from all profit-driven purposes.
To address this situation, the team behind “Just a Chill Guy” has called on the community and investors to support Philip Banks, the father of the Chill Guy meme, by donating through a wallet address. If Philip Banks does not accept and remains firm in his decision, all donated funds will be directed to charitable causes.
The outcome of this situation is still uncertain, but it serves as a warning to everyone about memecoin projects that use images without the creator’s permission.
However, if the creator maintains his stance and does not want the memecoin to exist, this will likely negatively impact the memecoin, regardless of the project’s efforts. Therefore, always remember that investing in memecoins is very risky, and it is crucial to carefully consider and stay updated with market information to determine the right exit point.
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