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!”
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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