{"id":101625,"date":"2024-11-27T10:49:51","date_gmt":"2024-11-27T14:49:51","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=101625"},"modified":"2024-11-27T10:49:54","modified_gmt":"2024-11-27T14:49:54","slug":"solana-memecoin-trader-makes-5-6m-with-chillguy-token","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/solana-memecoin-trader-makes-5-6m-with-chillguy-token\/","title":{"rendered":"Solana Memecoin Trader Makes $5.6M with CHILLGUY Token"},"content":{"rendered":"\n

After purchasing tokens associated with a viral internet meme, a Solana-based memecoin trader <\/a>made $5.6M at the current market price from a $160 investment.<\/p>\n\n\n\n

\"Solana
Solana Memecoin Trader Makes $5.6M with CHILLGUY Token<\/figcaption><\/figure>\n\n\n\n

A wallet made two purchases of the Just a chill guy (CHILLGUY) memecoin on Nov. 15, according to data from Solana's blockchain explorer Solscan.<\/p>\n\n\n\n

The trader exchanged 9.6 million CHILLGUY tokens for 0.50 Solana, worth approximately $107 at the time, on the Pump platform for the Solana memecoin generator.enjoyable. Several hours later, the trader added 0.246 SOL (roughly $51) for 2.8 million tokens.<\/p>\n\n\n\n

\"Memecoin
Memecoin trader buys Just a chill guy tokens for $160. Source: Solscan<\/em><\/figcaption><\/figure>\n\n\n\n

The Solana blockchain<\/a> saw the launch of the CHILLGUY token on Nov. 15, capitalizing on the viral “Just a chill guy” meme that garnered traction on social media. The token's value experienced a significant increase, culminating in a peak market capitalization of $643 million on Nov. 27. The memecoin is currently trading at $0.58.<\/p>\n\n\n\n

According to blockchain data, the trader missed out on a potential $1.6 million commission by selling 2.8 million tokens early for 149 SOL, which is approximately $35,000. Nevertheless, the trader continues to possess 9.62 million tokens, trading at roughly $5.6 million.<\/p>\n\n\n\n

Just a chill guy artist threatens legal action <\/h2>\n\n\n\n

Although some traders capitalized on the token's success, the artist responsible for the Just a Chill Guy character has publicly condemned its unauthorized utilization.<\/p>\n\n\n\n

The artist, who goes by the name PhillipBankss on X, declared on Nov. 21 that he had already copyrighted the character of the chill guy. <\/p>\n\n\n\n

The artist said he will issue takedowns for the art's for-profit use within the next few days. The artist previously stated that he did not endorse or assent to using the artwork in crypto assets<\/a>.<\/p>\n\n\n\n

\"Source:
Source:\u00a0<\/em>PhillipBankss<\/em>\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a><\/figcaption><\/figure>\n\n\n\n

Community members on X have expressed concern that enforcement may prove difficult despite the artist's objections. Some individuals asserted that memecoins founded on decentralized and anonymous launches are challenging to regulate or suppress.<\/p>\n\n\n\n

Another member of the community stated that memecoin would continue to exist regardless of the artist's involvement and that the crypto asset has been effectively immortalized on the blockchain.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

After purchasing tokens associated with a viral internet meme, a Solana-based memecoin trader made $5.6M at the current market price from a $160 investment. A wallet made two purchases of the Just a chill guy (CHILLGUY) memecoin on Nov. 15, according to data from Solana’s blockchain explorer Solscan. The trader exchanged 9.6 million CHILLGUY tokens […]<\/p>\n","protected":false},"author":12,"featured_media":101637,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[81],"tags":[23115,197,650,275],"class_list":["post-101625","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin-news","tag-chillguy-token","tag-defi","tag-memecoin","tag-solana"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/11\/Chill-Guy.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/101625","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=101625"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/101625\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/101637"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=101625"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=101625"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=101625"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}