Blockchain tracker Lookonchain says a savvy crypto trader will enjoy a 38,399x return on a new memecoin.
According to Lookonchain, an anonymous trader is enjoying huge profits from a Just a Chill Guy (CHILLGUY), a memecoin built by Solana (SOL) based on a viral cartoon.
“$160 turned into $6.14 million, a 38,399x return!
12 days ago, this trader spent just 0.75 SOL ($160) to buy 12.5 million CHILLGUY on http://Pump.fun, then sold 2.8 million CHILLGUY for 149 $SOL ($35.4K). CHILLGUY
The trader still has 9.62 million CHILLGUY ($6.1 million) in his possession, for a total profit of $6.14 million!”
CHILLGUY was one of the most viral memecoins of the past month.
Last week, the illustrator behind 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 took to the social media platform
“I’m just going to put it out there, chill guy is copyrighted. like, legal. I will be issuing takedowns on for-profit matters in the coming days.”
CHILLGUY is trading at $0.461 at the time of writing, up 16.1% from a week ago. After Banks’ tweet, CHILLGUY fell about 54%. The extremely volatile memecoin was created less than two weeks ago.
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Generated image: DALLE3