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 some 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 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 every 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 Every day Hodl should 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 you could incur are your duty. The Every day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Every day Hodl an funding advisor. Please be aware that The Every day Hodl participates in affiliate internet marketing.
Generated Picture: DALLE3
