Memecoins
Just a chill guy: Can the TikTok memecoin maintain its +10,000% hype?
In just a week, CHILLGUY rose from $0.002 to $0.5, a whopping +10,000% price rally or 100X returns.
- CHILLGUY memecoin rallied 100X, thanks to TikTok.
- Can the uptrend hold amid increased market interest and shifting narratives?
The TikTok memecoin narrative is the latest wave, with the top-leading gem, Just a chill guy [CHILLGUY], raking millions to crypto traders who spotted the trend early.
In just two weeks, the focus of top mindshare has shifted from AI agents to DeSci (Decentralized Science), and now TikTok meta is the latest trend.
Rotating capital by chasing trending narratives can be risky, but some traders saw a wild windfall by jumping on the CHILLGUY trend.
CHILLGUY’s rapid rise
The ‘just a chill guy’ meme, featuring a dog-bear-like animal in a relaxed pose, has been trending on social media in recent days.
Someone jumped on the trend and created a memecoin, which was launched on Solana through Pump.fun. TikTok picked it up and pumped it into a half-billion-dollar market cap in less than a week.
Source: X
Interestingly, the record growth outpaced even the wild rally that PNUT fronted.
CHILLGUY holders crossed 100K in just a week, while it took over 10 days for PNUT to cross 60K holders. At press time, CHILLGUY holders stood at 103.8K per Solcan data.
The number of holders surged even after the slight drop tipped the market cap to slide from $500 million to around $400 million as of press time. This indicated high market interest and potential for rebound for the memecoin.
On the token-holding distribution front, the top ten holders held about 10% of the overall CHILLGUY supply of 999.9 million. This meant that top holders could have limited influence on price action even if they dumped their stash.
Besides, the token was among the top 10 trending Solana tokens. This could positively influence prices as long as TikTok narratives continue to dominate.
What’s next for CHILLGUY?
Source: CHILLGUY/USD, TradingView
In just a week, CHILLGUY rose from $0.002 to $0.5, a whopping +10,000% price rally. That’s a 100x gem that most crypto traders highly sought. Put differently, someone who invested $100 at the lows could be worth $10K when CHILLGUY’s peaked at $0.5.
If the traction holds, the next key levels to watch are $0.7 and $0.28. However, like all memecoins, it’s speculative and could go to zero, making Solana [SOL] the better exposure to the memecoin mania.
