Tiktok Memecoin Chillguy Skyrockets To 500 Million Market Cap

1 Days(s) Ago    👁 10
 

Just a Chill Guy, or CHILLGUY, is a Solana-based cryptocurrency that uses a cartoon character created by artist Phillip Banks in 2023 as its mascot. The anthropomorphic character wears a sweatshirt, jeans, and sneakers. He sports a calm and pleasant look with his hands tucked in his pockets. Banks described the character as a chill guy who remains oblivious to chaotic situations around him.

The original meme appeared to go viral on TikTok after Gen-Z users began using the character to define men as "chill guys" despite experiencing hardships in their lives. Thousands of videos were uploaded to the social media platform showing Chill Guy in various scenarios where he remains calm and indifferent to the events unfolding around him.

Such is the popularity of the meme and the CHILL GUY token that its market cap has soared from 10 million at the start of the week to 488 million by Wednesday. According to data from Gecko Terminal, the token created two months ago on the Solana-based meme coin launch pad Pump.fun already has over 81,000 holders.

Despite its popularity, the distribution ratio among CHILLGUY holders is relatively even, with its largest holder owning just 1 of the total supply. However, there is a massive disparity between its 5 million liquidity and 440 million market cap.