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Cryptocurrency News Articles
CHILLGUY, a Meme Token Inspired by a TikTok Character, Reaches $500M Market Cap Within 5 Days
Nov 21, 2024 at 02:20 am
The token's rapid rise is tied to the increasing popularity of the "Chillguy" character, originally introduced by digital artist Phillip Banks in October 2023.
TikTok meme token CHILLGUY skyrocketed over 20,000% in value, reaching a peak market capitalization of $500 million before settling at $440 million.
The token, created two months ago via Pump.fun, surged in popularity amid the viral trend, gaining over 81,000 holders.
However, the token has a liquidity of only $5 million compared to its market cap.
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