Blockchain tracker Lookonchain says one savvy crypto dealer is having fun with a chill 38,399x return on a brand new memecoin.
In keeping with Lookonchain, one nameless dealer is having fun with humongous beneficial properties from a Just 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 vital 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.
“Just placing it on the market, chill man has been copyrighted. like, legally. I’ll be issuing takedowns on for-profit associated issues over the following 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.
Do not Miss a Beat – Subscribe to get electronic mail alerts delivered on to your inbox
Test Price Action
Comply with us on X, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Each day Hodl usually are not funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your individual threat, and any losses it’s possible you’ll incur are your accountability. The Each day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Each day Hodl an funding advisor. Please notice that The Each day Hodl participates in affiliate internet marketing.
Generated Picture: DALLE3
