A crypto trader achieved a staggering 38,399x return by investing in Just a Chill Guy (CHILLGUY), an under-the-radar memecoin built on the Solana blockchain. According to blockchain tracker Lookonchain, the trader converted a modest $160 into $6.14 million in just 12 days.
The Trade Breakdown
- Initial Investment: 0.75 SOL ($160) to purchase 12.5 million CHILLGUY tokens on Pump.fun.
- Partial Sale: 2.8 million tokens sold for 149 SOL ($35,400).
- Current Holdings: 9.62 million CHILLGUY tokens valued at $6.1 million.
👉 How memecoins are reshaping crypto trading
Viral Momentum and Legal Backlash
CHILLGUY gained traction as one of the most viral memecoins last month, inspired by a cartoon character. However, the original illustrator, Phillip Banks, announced plans to pursue legal action against unauthorized commercial use of his copyrighted artwork.
"Chill Guy has been copyrighted. I’ll be issuing takedowns on for-profit related things over the next few days."
— Phillip Banks via X
Following Banks’ statement, CHILLGUY’s price dropped 54%, though it remains volatile. At press time, the token trades at $0.461, up 16.1% from the previous week.
FAQs
Q: How did the trader discover CHILLGUY early?
A: The exact strategy isn’t disclosed, but platforms like Pump.fun are popular for spotting nascent memecoins.
Q: What’s the future of CHILLGUY after the copyright threat?
A: Legal challenges could impact its longevity, but memecoins often thrive on speculation regardless.
Q: Are such returns typical in memecoin trading?
A: Extremely rare. Most memecoins lose value quickly—this case is an outlier.
Key Takeaways
- High Risk, High Reward: Memecoins can yield life-changing gains but are highly speculative.
- Legal Risks: Copyright issues may destabilize projects reliant on unlicensed IP.
- Market Volatility: Prices can swing dramatically within hours.
👉 Essential tools for tracking crypto trades
Always conduct your own research before investing in cryptocurrencies. The Daily Hodl does not endorse financial decisions.
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