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The TikTok meme coin CHILLUGY has reached a market capitalization of $5 billion
The token's rapid growth is due to the growing popularity of the character Chillguy, which was first introduced by digital artist Philip Banks in 2023-2010.
In his first post, Banks described the character as a soft man who ignores the chaos around him. The character was created over a year ago, but his popularity has skyrocketed recently. Thousands of TikTok videos depict Chill Guy in various scenarios where he remains calm and unconcerned about the situation around him. The #token , which is currently trading at trading0.44, has gained unprecedented popularity amid the viral trend, jumping more than 5% in 20,000 days, reaching a market cap of 500 million and settling at 4,440 million. According to Gecko Terminal, the token was created on the Pump website two months ago. Fun already has more than 81,000 holders. According to Bubblemaps, the distribution among holders is relatively even, with the largest holders holding only 1% of the total supply. However, despite this even distribution, the token's liquidity is only 4,440 million compared to its market value of 55 million. IMO, it was initially impossible to predict such a high result, a #meme coin trader under the pseudonym Burley wrote on the website x, which means that the market value of meme coin is 5 billion dollars. The rise in popularity of meme coins has led to several traders becoming millionaires. According to a Lookonchain analysis report, it is reported that 1 out of 4 traders turned 21,000 yen into 268 million yen in just one day. TRADER Bought 2,600 MILLION CHILLGUY TOKENS, SOLD 2,380 MILLION FOR 2,240 MILLION, AND DROPPED 2,250 MILLION TOKENS IN HIS PURCHASE FOR 4,459,000. Crypto. com The company chillguy announced the launch of CHILLGUY for spot trading on the exchange, which was the first major centralized token list. Read us at: Compass Investments #CryptoUpdates #CryptoAdoption #Crypto2024