Blockchain tracker Lookonchain says one savvy crypto dealer is having fun with a chill 38,399x return on a brand new memecoin.
In response to Lookonchain, one nameless dealer is having fun with humongous good points from a Only a Chill Man (CHILLGUY), a Solana (SOL)-built memecoin primarily based on a viral cartoon.
“Turned $160 into $6.14M, ??a 38,399x return!
12 days in the past, this dealer spent solely 0.75 SOL($160) to purchase 12.5M CHILLGUY on http://Pump.enjoyable, after which bought 2.8M CHILLGUY for 149 $SOL($35.4K). CHILLGUY
The dealer nonetheless holds 9.62M CHILLGUY($6.1M), with a complete revenue of $6.14M!”
CHILLGUY has been one of the viral memecoins of the final month.
Final week, the illustrator behind the viral “Chill Man” meme warned CHILLGUY holders that he plans to take authorized motion in opposition to the Solana (SOL)-based memecoin over copyright points.
Chill Man creator Phillip Banks took to the social media platform X to threaten authorized motion in opposition to unauthorized, for-profit makes use of of his viral cartoon.
“Simply placing it on the market, chill man has been copyrighted. like, legally. I’ll be issuing takedowns on for-profit associated issues over the subsequent few days.”
CHILLGUY is buying and selling for $0.461 at time of writing, up 16.1% from per week in the past. Following Banks’ tweet, CHILLGUY fell about 54%. The extraordinarily unstable memecoin was created lower than two weeks in the past.
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