A lucky crypto trader just made a killing on a new Solana-based memecoin. According to blockchain tracker Lookonchain, this person turned a measly $160 investment into a whopping $6.14 million in just 12 days! That’s a return of 38,399x.
How it Happened
The trader bought 12.5 million CHILLGUY tokens for 0.75 SOL (around $160) on Pump.fun. They then cleverly sold off 2.8 million tokens for $35,400. The remaining 9.62 million CHILLGUY tokens are now worth a cool $6.1 million.
The Chill Guy Controversy
CHILLGUY, based on the viral “Chill Guy” cartoon, has been a hot topic lately. The meme’s creator, Phillip Banks, recently announced plans to take legal action against the project for unauthorized use of his copyrighted artwork. He issued a warning on X (formerly Twitter), stating he would be issuing takedown notices for for-profit uses.
Following Banks’ announcement, the price of CHILLGUY plummeted by about 54%. Before the legal threat, the coin was already incredibly volatile, having only existed for less than two weeks. At the time of writing, CHILLGUY is trading at $0.461, up slightly from the previous week.
Disclaimer
This story highlights the extreme risk and volatility involved in memecoin investments. Any investment decisions should be made after thorough research and consideration of personal risk tolerance. This is not financial advice.
