This meme coin becomes the latest sensation after exploding 4000% in 3 days

TL;DR

A new dog-themed meme coin has seen its price explode in recent days, with its market cap briefly surpassing $450 million. Its rapid growth shows the potential for high profits in the meme coin sector, but the extreme volatility carries significant risks for traders. Another rock star

The meme coin industry often issues tokens that become sensations within days. Solana-based Chill Guy (CHILLGUY) is the latest to headline.

The meme comes from a popular illustration of a dog in a gray sweater, blue jeans, and red sneakers, smiling with his hands in his pockets. The character gained huge popularity on TikTok in 2024.

Widespread interest led to the creation of the meme coin in the Solana ecosystem in mid-November. CHILLGUY’s price was just $0.007 after launch, while it is currently (three days later) worth over $0.30 (which represents a 4,100% increase).

Price CHILLGUY, Source: CoinGecko

Its market cap soared from roughly $20 million on Nov. 19 to more than $450 million a few hours ago. Soon after, the number headed south and, at the time of writing, stands at around $300 million.

CHILLGUY’s exponential bomb caught the attention of numerous industry participants and celebrities. X user Crypto Xlio stated that “momentum is building and the community is growing fast.” They also assumed that a listing on Binance “is only a matter of time.”

This move would likely lead to a further recovery of the meme coin, as the support of the main exchange will increase its accessibility and credibility and potentially trigger an additional flow of capital from investors into the ecosystem.

Numerous memes, including Ponke (PONKE) and Simon’s Cat (CAT), experienced significant price jumps following support from Binance in recent weeks.

BTC-loving El Salvador president Nayib Bukele also pointed to CHILLGUY’s rise. She posted a photo of the smiling dog on her official X account, fueling a wave of comments. Some of the users jokingly suggested that Max Keizer might criticize their interaction.

The popular broadcaster and filmmaker serves as Senior Bitcoin Advisor to the President of El Salvador. He has been vocal in promoting the adoption of BTC in the nation, highlighting its potential to enhance economic freedom.

Keizer is known as a Bitcoin maximalist, expressing strong criticism of altcoins and considering them inferior to the mainstream cryptocurrency.

Beware of the risks

Meme coins are known for their extreme volatility. On the one hand, traders can use this to their advantage and make substantial profits (assuming they jump on the bandwagon in the early days and cash out at the right time).

Conversely, it can lead to crucial losses for inexperienced and overleveraged market participants. Those considering entering the ecosystem should follow some essential rules to avoid a devastating outcome. For example, they should do proper research before dealing with a certain meme currency and invest only as much as they are willing to lose.

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