Blockchain tracker Lookonchain claims that a savvy crypto trader enjoys a 38,399x ROI on a new memecoin.
According to Lookonchain, an anonymous trader is enjoying huge gains from Just a Chill Guy (CHILLGUY), a memecoin built by Solana (SOL) based on a viral cartoon.
“Turned $160 into $6.14M, a return of 38,399x!
12 days ago, this trader spent just 0.75 SOL ($160) to buy 12.5 million CHILLGUY, then sold 2.8 million CHILLGUY for $149 SOL ($35.4K) . CHILLGUY
The trader still holds 9.62 million CHILLGUY ($6.1 million), with a total profit of $6.14 million!
CHILLGUY was one of the most viral memecoins of the last month.
Last week, the illustrator behind the viral “Chill Guy” meme warned CHILLGUY holders that he planned to take legal action against the Solana-based memecoin (SOL) over copyright issues.
Chill Guy creator Phillip Banks has taken to social media platform X to threaten legal action over unauthorized, for-profit uses of his viral cartoon.
“I just posted it, Chill Guy is copyrighted. like, legally. I will be posting takedowns on for-profit items over the next few days.
CHILLGUY is trading at $0.461 at the time of writing, up 16.1% from a week ago. Following Banks’ tweet, CHILLGUY fell approximately 54%. The 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 conduct due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and transactions are at your own risk and any losses you may incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Image generated: DALLE3
