El Salvador’s President Nayib Bukele recently shared a meme-themed post featuring the “Just a Chill Guy” mascot, sparking an increase in the value of the associated memecoin, $CHILLGUY. Following the release, $CHILLGUY saw a short-term rally, with the token trading at $0.454, a 106% increase over 24 hours.
– Nayib Bukele (@nayibbukele) November 21, 2024
Currently, $CHILLGUY is priced at $0.3271, reflecting a gain of 59.17%. Its market capitalization now stands at $349.88 million, while the 24-hour trading volume has climbed to $365.71 million. In just one hour, $80.26 million in trading volume was recorded, evenly split between buying ($40.1 million) and selling ($40.16 million) activity. The sudden popularity of the token has attracted the attention of buyers and sellers.
$CHILLGUY trajectory based on Solana
Since its launch, $CHILLGUY has generated substantial profits for early adopters. For example, a trader reportedly made over $1 million on an initial investment of $1,000 in less than a week. President Bukele, known for his pro-Bitcoin stance and his initiative to buy 1 BTC per day, has reignited interest in $CHILLGUY with his subtle message.
“Just a Chill Guy” ($CHILLGUY) is a Solana-based coin inspired by a viral TikTok meme. Its mascot, created by artist Phillip Banks in 2023, has fueled the token’s growing appeal. Bukele’s message not only amplified the $CHILLGUY frenzy, but also provided a boost to Solana (SOL), known for its coin ecosystem.
SOL increased by 2.37% in the last 24 hours, now trade at $241.39 with a market cap of $114.57 billion. This growth is supported by a 4.91% increase in its 24-hour trading volume, which reached $7.22 billion.
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