In summary
- CHILLGUY, the Solana-based meme token, has increased by 135% in the last week, reaching a capitalization of $621 million.
- CHILLGUY creator Philip Banks sued over unauthorized merchandise, garnering viral attention on platforms like TikTok and Twitter.
- CHILLGUY has attracted $108,450 in smart money in 24 hours, showing growing confidence from institutional investors in its potential.
The CHILLGUY token is not only relaxed, it is leading its pack.
Over the past week, the Solana-based meme Cryptocurrency has surged over 135%, including a 37% jump in the past 24 hours.
Now trading at over $0.62, Chill Guy’s market capitalization went from $461 million to $621 million in just two days, according to data from CoinGecko.
The rise of CHILLGUY began earlier this week when the meme’s original creator, Philip Banks, publicly announced legal action against unauthorized merchandise and counterfeit coins that exploit his intellectual property.
Despite the controversy, or perhaps because of it, CHILLGUY became a viral sensation, attracting a flood of attention on platforms like TikTok and Twitter.
According to data from Solscan, the meme cryptocurrency has also accumulated more than 136,800 holders.
It’s not just retail investors that are driving CHILLGUY’s rise. On November 25, onchain analytics platform Nansen revealed that the meme coin reported $108,450 in net smart money inflows in just 24 hours.
The term “smart money” refers to institutional and high-volume investors, in Nansen’s terminology, pointing to growing confidence in CHILLGUY’s long-term potential.
Its mascot, a relaxed cartoon dog in a sweater, has connected with Generation Z and millennials, who appear to be pushing the meme coin to surpass category veterans like Dogecoin (DOGE) and Shiba Inu (SHIB).
CHILLGUY’s 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 overreaching and criticized the crypto community for profiting from his tragedy by launching $PNUT and $FRED.
Meanwhile, JUSTICE has grown to a market capitalization of $28 million with more than 22,471 holders, showing the market’s tendency to respond to personal narratives.
Edited by Stacy Elliott.
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