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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.

CHILLGUY, a Meme Token Inspired by a TikTok Character, Reaches $500M Market Cap Within 5 Days

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.

News source:cryptobriefing.com

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Other articles published on Nov 21, 2024