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Home»ALTCOIN NEWS»Trader Turned $160 Into $6,140,000 in New Under-theRadar Solana-Based Memecoin in Just 12 Days: Lookonchain
ALTCOIN NEWS

Trader Turned $160 Into $6,140,000 in New Under-theRadar Solana-Based Memecoin in Just 12 Days: Lookonchain

By Crypto FlexsDecember 1, 20242 Mins Read
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Trader Turned 0 Into ,140,000 in New Under-theRadar Solana-Based Memecoin in Just 12 Days: Lookonchain
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Blockchain tracker Lookonchain says one proficient cryptocurrency trader is enjoying a 38,399x return on a new memecoin.

According to Lookonchain, an anonymous trader is making huge profits from Just a Chill Guy (CHILLGUY), a meme coin built by Solana (SOL) based on a viral comic.

“We turned $160 into $614M. That’s 38,399 times your profit!

12 days ago, this trader spent only 0.75 SOL ($160) to buy 12.5M CHILLGUY on http://Pump.fun and then sold 2.8M CHILLGUY for 149 $SOL ($35.4K). chill guy

The trader still holds 9.62M CHILLGUY ($6.1M), for a total profit of $614M!”

Source: Lookonchain/X
Source: Lookonchain/X

CHILLGUY was one of the most popular memecoins last month.

Last week, the illustrator of the viral ‘Chill Guy’ meme warned CHILLGUY holders that he plans to take legal action against the Solana (SOL)-based memecoin over copyright issues.

Chill Guy creator Phillip Banks has taken to social media platform X to threaten legal action against unauthorized commercial use of his viral comic.

“Just putting it out there, Chill Guy is copyrighted. Legally. “We will be announcing a takedown of for-profit content over the next few days.”

CHILLGUY is trading at $0.461 at the time of this writing, up 16.1% from a week ago. Following Banks’ tweet, CHILLGUY fell about 54%. This extremely volatile memecoin was created less than two weeks ago.

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Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and you will be responsible for any losses you may suffer. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.

Image created: DALLE3

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