The post Chill Guy Meme Coin Surges 2,000% to $455M Market Cap: The TikTok Trend Taking Over Crypto appeared first on Coinpedia Fintech News
Chill Guy is the new talk of the town. Many are curious to know what exactly Chill Guy is. It is actually a new TikTok meme, which has already become one of the most sensational memes on the platform. Why are crypto enthusiasts eager to know about this TikTok meme? A Solana meme coin, based on this TikTok meme, named CHILLGUY, has grown to a market cap of $455,099,441 within days after its launch. It sounds interesting, doesn’t it? Read on for more details!
The Viral Rise of CHILLGUY: What You Should Know
On November 19, the market cap of CHILLGUY was $21,254,150. Since then, the CHILLGUY market has surged by nearly 2,041.266%. Right now, the price of Chill Guy stands at $0.4147. It has experienced an impressive rise of 94.9% in the last 24 hours.
Interestingly, on November 19, MoonPay, the crypto payment gateway popular for its association with Solana meme coins, experienced a massive surge in its Solana transaction rate. The company claimed that it had more solana transactions on the said day than all of November 2023. Though the company has not disclosed why it experienced this increased transaction rate on that particular day, many believe that there is a connection between the MoonPay Solana transaction surge and the Chill Guy token’s viral rise.
In the last 24 hours, the Solana price has recorded an increase of 2.8%. On November 18, it stood at $239.80. Since then, it has grown by 0.70%.
Traders Turn Small Bets into Millions using CHILLGUY
Highlighting the story of a trader who turned his $1,000 into over $1 million by strategically trading and exploiting the massive surge of the Chill Guy meme coin market, reports note that meme coin traders have made huge profits from the rise of CHILLGUY.
TikTok’s Influence: A New Wave of Gen Z Investors to the Crypto Market
It is unusual for a TikTok meme to make an impact in the crypto industry. TikTok is a favourite application of Gen Z. What this latest development indicates is that cryptos, especially meme coins, are becoming increasingly popular among youngsters.
Chill Guy’s Creator’s Disapproval
It seems that the creator of the character of ‘Chill Guy’, is not happy with the sudden attention his art has attained through the crypto industry. Notably, he recently objected to the use of his character in crypto projects. Surprisingly, he even turned his Twitter handle from public to private in order to safeguard his account from the unusual attention it has received post the success of the CHILLGuy meme coin.
The CHILLGUY phenomenon highlights how social media trends can influence the crypto market, and the growing interest in meme coins among the Gen Z community.