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Chill Guy meme coin (CHILLGUY) has surged nearly 60% in 24 hours, reaching a market cap of $461 million.Early adopters have seen significant profits, with one trader turning $1,000 into over $1 million.Despite the surge, CHILL GUY creator Philip Banks is planning to take legal action against unauthorized commercial use of the character.The Chill Guy meme coin CHILLGUY $0.39 24h volatility: 40.6% Market cap: $394.03 M Vol. 24h: $210.73 M has taken the crypto world by storm, soaring close to 60% in value over the past 24 hours.
Since its launch on November 15, the Solana-based token has skyrocketed from a modest $10 million market cap to an impressive $461 million, driven by its viral mascot: a laid-back cartoon dog resonating with millions online.
The Meme Behind the Coin
Chill Guy, an anthropomorphic brown dog sporting a grey sweater, jeans, and red sneakers, has become an internet icon. With its relaxed demeanor and humorous captions, the character has gained significant traction on social platforms like TikTok, particularly among Gen Z users.
This widespread cultural appeal has turned Chill Guy into the face of a thriving meme coin, as investors capitalize on its popularity. The token’s price surged to $0.4181 on Monday, marking close to a 60% return in a single day.
According to data from CoinGecko, $CHILLGUY recorded its all-time high on November 21, when it traded around $0.5309. The continuous surge highlights the continued allure of meme coins, known for their high volatility and potential for massive returns. Despite their unpredictable nature, these tokens often find a strong foothold by leveraging internet trends and vibrant online communities.
A Boon for Early Investors
However, Chill Guy’s rapid success has not come without controversy. Philip Banks, the artist behind the Chill Guy character, has voiced concerns over what he calls the unauthorized commercialization of his creation.
On Friday, Banks wrote on X that the artwork had been copyrighted. “Just putting it out there — Chill Guy has been copyrighted. Like, legally,” he explained, adding that he plans to take legal action against unauthorized merchandise and imitation coins that profit from his creation.
He further clarified that his efforts are not aimed at casual or non-commercial uses of the character but rather at projects crossing the line into for-profit ventures without proper credit or permission.
Despite the controversy, $CHILLGUY’s rise has brought substantial gains for early adopters. Reports indicate that some traders have seen life-changing returns, with one investor reportedly turning a $1,000 investment into over $1 million within days.
The coin’s explosive growth mirrors the success of other meme-based tokens like Peanut the Squirrel PNUT $1.16 24h volatility: 2.9% Market cap: $1.16 B Vol. 24h: $2.17 B and First Convicted Raccoon (FRED), which quickly captured market attention earlier this year.
PNUT reached a $1 billion market cap within weeks of launch, while FRED gained 383% in just one day.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
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Chimamanda is a crypto enthusiast and experienced writer focusing on the dynamic world of cryptocurrencies. She joined the industry in 2019 and has since developed an interest in the emerging economy. She combines her passion for blockchain technology with her love for travel and food, bringing a fresh and engaging perspective to her work.
