New ATH For Viral Solana Meme Coin: Could This Cat Token Be Next to Pump?
The viral meme coin Chill Guy (CHILLGUY), has seen a frankly insane surge since its launch less than two weeks ago. Launched on November 15, the coin’s market cap has risen from under $10 million and is currently ranging between $600-650 million.
Chill Guys has received multiple CEX listings over the past 24 hours, with both Bybit and Kucoin listing the token. The addition of CHILLGUY to multiple B-Tier exchanges has led to a 46% increase in the past day.
Chill Guy Continues To Soar Even After Creator Calls Out The Use Of His Character In ‘Shitcoins’
The rise of Chill Guy is largely due to the viral success of its mascot, a dog in casual attire, akin to the Kevin James hand-in-pocket meme. The meme has resonated with Gen Z on platforms like TikTok and is also used by most global brands as social media content.
However, the rapid growth of Chill Guy has not come without controversy. Its creator, Philip Banks, has expressed concerns over the unauthorized use of his intellectual property. He has stated his main issue is the commercial exploitation of the character.
In an X post on November 21, Banks said, “Not like brand accounts using him as a trend, that’s kinda something I don’t really care about (I do just ask for credit. or Xboxes.). mainly unauthorized merchandise and shitcoins.”
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CNN Label Chill Guy As A New Symbol Of Hate, Similar To Pepe The Frog Being Called A Nazi Symbol
Elon is a #Chillguy confirmed @elonmusk pic.twitter.com/G5AeF4XvRe
— JIGGA.5mbK (@jiggadrin_) November 27, 2024
More drama looks set to fuel Chill Guy to continue its upward momentum after mainstream media outlet, CNN, posted an article on the viral character. The headline reads, “What is the “Chill Guy” meme and why is he the new figurehead of racist right wingers?”
Elon Musk quickly reacted to the article. He posted two crying emojis under a screenshot of the CNN story, likely laughing at the stupidity of the ‘story’. This seems eerily similar to what happened with Pepe the Frog, starting back in 2016. Outlets such as the BBC ran stories back in 2016 on how the Pepe meme coin had become a neo nazi symbol, with this sentiment echoed until today.
The Chill Guy community can take bullish optimism from the Pepe story. This negative attention from the media couldn’t stop PEPE, the meme coin, from becoming one of the best-performing digital assets over the past 18 months. PEPE is currently the 24th biggest cryptocurrency by market cap, at around $8 billion.
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Analysts Believe A Binance Or Coinbase Listing Is The Next Step For CHILLGUY To Become The Latest Billion Dollar Meme Coin
it took $POPCAT a year to get 100K+ holders $Chillguy did it in about 2-3 weeks….sometimes you can’t ignore the demand pic.twitter.com/GFwjThBJT6
— Palgrani (@Palgrani2) November 27, 2024
CHILLGUY has been listed on Bybit and Kucoin in the past 24 hours. With this latest CEX exposure, both price and volume have spiked. In this period, Chill Guy has outperformed major meme coins such as the aforementioned PEPE, DOGE, and SHIB.
The holder growth for CHILLGUY needs studying. It has taken less than two weeks to gain over 100,000 holders. To put this into context, POPCAT took more than one year to hit 100,000. Even now, the internet sensation is gaining 5,000 new holders each day.
Volume-wise, it is processing over $250 million in trading volume each day. This number continues to rise as more exchanges list CHILLGUY. It is only a matter of time before Binance and Coinbase list. Eventually, they will want to secure a slice of CHILLGUY’s volume for themselves.
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BONUS: Cat Slap (SLAP) On Ethereum Could Be Ready To Follow The Chill Guy Play Book
We brought you $SLAP, now get ready for Slap-to-Earn 🚀 pic.twitter.com/ZTaqU3qYuZ
— CatSlap (@CatSlapToken) November 26, 2024
SLAP launched on the Ethereum network 5 days ago, on November 22. It was stealth-launched and quickly went viral. It spiked from a launch market cap of $1 million all the way up to $56 million in less than two days.
Along the way, Cat Slap began amassing a large and cultish community. This is due to its hilarious memeability and fair launch of the token.
As is the way with any new project that moons out of the gate, investors began taking profits, and SLAP retracted just below the $20 million market cap level. However, as whales profited, smaller investors were buying what they were selling. The holder count of SLAP is now above 7,000 and well on the way to the coveted 10,000 mark.
The team behind Cat Slap has been teasing a huge upcoming announcement. One of their recent social media posts hints at a potential ‘Slap-2-Earn’ mechanism. As of right now, this could be a simple tap-2-earn style game or even something more. Either way it looks set to fuel the next leg-up for SLAP.
(SLAPUSDT)
Since the sell-off, Cat Slap has been recovering incredibly well. Investors have been scrambling for a second chance to get in at these price, which has seen SLAP spike over 50% in price over the past 24-hours. Its current market cap sits at around $26 million, with the previous all-time high (ATH) around 2x from here.
Analysts believe that once SLAP gets past its previous ATH level, it will be a straight run to $100 million and beyond as the viral meme coin enters the euphoric ‘price discovery’ stage.
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