ChillGuy On ByBit – Between The Hype And Controversity For This TikTok Star
ChillGuy appears to be an unstoppable force, both as a viral TikTok meme and a thriving meme coin. Following its listing on Bybit, the token surged to a new all-time high, with even the disputes involving its creator having little to no impact on its price momentum.
The viral internet meme “ChillGuy” is literally everywhere on socials like TikTok and Instagram, captivating millions of users with its humorous and relatable content. This popularity has extended to the crypto world with the launch of the ChillGuy meme coin, which experienced a meteoric rise. Within days, the coin reached its first all-time high (ATH) of $562 million, proving the power of meme coins once again.
However, controversy arose when the creator of the ChillGuy meme, Phillip Bankss, expressed his disapproval of the coin. Using X, Bankss clarified that “Chill Guy” is legally copyrighted, and he has no affiliation with the cryptocurrency. In his post, Bankss stated:
“Just putting it out there, Chill Guy has been copyrighted. Like, legally. I’ll be issuing takedowns on for-profit related things over the next few days.”
While this sparked a sell-off in the coin’s market, the community quickly bought back the dip, sending the token to a new ATH of $579 million, showcasing resilience among investors.
Explore: Chillguy Meme Creator Condemns TikTok Meme Coin Explosion
ByBit Listing Sends ChillGuy To New ATH
(CHILLGUYUSDT)
ChillGuy has shown significant volatility in its price movements. The coin saw a massive upward trajectory three days after launch.
Following the ATH of $562 million, the controversy with the author triggered a sell-off, that sent ChillGuy to a ATL of $0.205.
But the dip didn’t last long. We can notice a robust recovery, pushing the price to a new ATH. This suggests a strong community support and also that holders are not really worried about possible legal action by the author. Well, not yet.
The chart also shows resistance at around $0.5687, which aligns with the previous ATH levels. The current price action suggests the potential for another breakout if this resistance is breached. With a volume of $77 million in 24 hours, it seems that this ChillGuy is anything but chill.
not selling chillguy because I’m a chillguy who thinks the artist not being a chillguy adds to the lore pic.twitter.com/5SqpTPP2au
— RookieXBT 🧲 (@RookieXBT) November 21, 2024
The truth is, crypto often carves its own unpredictable path. ChillGuy has demonstrated the intense speculative interest surrounding meme coins in the current market. Traders appear more than willing to embrace the risks in pursuit of significant gains.
So far, this bold approach has paid off for investors. But the question remains – will the momentum continue? Could ChillGuy’s next milestone be a listing on Binance, or will the major exchange steer clear to avoid potential legal complications with the creator, who has explicitly distanced himself from the meme coin?
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