Blockchain tracker Lookonchain says one savvy crypto dealer is having fun with a chill 38,399x return on a brand new memecoin.
In accordance with Lookonchain, one nameless dealer is having fun with humongous features 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 offered 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 crucial 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 towards the Solana (SOL)-based memecoin over copyright points.
Chill Man creator Phillip Banks took to the social media platform X to threaten authorized motion towards 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 risky memecoin was created lower than two weeks in the past.
Do not Miss a Beat – Subscribe to get e-mail alerts delivered on to your inbox
Verify Price Action
Comply with us on X, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Each day Hodl aren’t funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your personal threat, and any losses it’s possible you’ll incur are your accountability. The Each day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital property, neither is The Each day Hodl an funding advisor. Please observe that The Each day Hodl participates in affiliate marketing online.
Generated Picture: DALLE3
