Blockchain tracker Lookonchain says one savvy crypto trader is enjoying a chill 38,399x return on a new memecoin.
According to Lookonchain, one anonymous trader is enjoying humongous gains from a Just a Chill Guy (CHILLGUY), a Solana (SOL)-built memecoin based on a viral cartoon.
“Turned $160 into $6.14M, ??a 38,399x return!
12 days ago, this trader spent only 0.75 SOL($160) to buy 12.5M CHILLGUY on http://Pump.fun, and then sold 2.8M CHILLGUY for 149 $SOL($35.4K). CHILLGUY
The trader still holds 9.62M CHILLGUY($6.1M), with a total profit of $6.14M!”
CHILLGUY has been one of the most viral memecoins of the last month.
Last week, the illustrator behind the viral “Chill Guy” meme warned CHILLGUY holders that he plans to take legal action against the Solana (SOL)-based memecoin over copyright issues.
Chill Guy creator Phillip Banks took to the social media platform X to threaten legal action against unauthorized, for-profit uses of his viral cartoon.
“Just putting it out there, chill guy has been copyrighted. like, legally. I’ll be issuing takedowns on for-profit related things over the next few days.”
CHILLGUY is trading for $0.461 at time of writing, up 16.1% from a week ago. Following Banks’ tweet, CHILLGUY fell about 54%. The extremely volatile memecoin was created less than two weeks ago.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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The post Trader Turns $160 Into $6,140,000 on New Under-the-Radar Solana-Based Memecoin in Just 12 Days: Lookonchain appeared first on The Daily Hodl.