Strong rumors are circulating that Binance will list viral sensation Chill Guy (CHILLGUY) today, with Bybit leading the way in the process.
Chill Guy was created by an artist, Phillip Bankss, in October last year. This just became a viral meme, which started on TikTok. The Gen-Z social media platform quickly became the birthplace of several meme plays, such as Lock In and Ponke.
The character Chill Guy is a relaxed, carefree dog disguised as a human who takes a simple approach to life. It’s quickly become a cultural phenomenon, with some of the world’s biggest brands posting Chill Guy memes over the past week.
Interact with this message if you want #chillguy before Binance listing pic.twitter.com/dX6td8Qio3
– Dark (@Darky1k) November 24, 2024
Brief history of the CHILLGUY Meme piece over the past nine days since it went live
(SOURCE)
It didn’t take long for a Chill Guy meme coin to launch on Solana. However, CHILLGUY is still less than 10 days old and has skyrocketed in a short time. Five days ago the meme really went viral and that was reflected in the graphic. Chill Guy was hovering around $30 million in market capitalization at the time before hitting $500 million in less than 24 hours.
As investors began to take profits, CHILLGUY’s price began to fluctuate, leading its market capitalization to fluctuate between $210 million and $500 million over the past five days. Even with wild price swings, two metrics have steadily increased: volume and number of holders.
There are currently over 125,000 holders of Chill Guy, which could be impressive compared to meme coins such as Dogwifhat (WIF). WIF has 202,000 holders even though it has been online for exactly 12 months, compared to CHILLGUY at 9 days.
(SCANNING THE MEDIA)
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Did buying Binance cause this recent 120% surge?
A wallet linked to Binance just made 2 purchases totaling $491,000 of $chillguy Probably nothing…. #chillguy #Binance pic.twitter.com/fG4jKCOcWk
— Solami Goodman
(@Andy06529862865) November 24, 2024
(@Andy06529862865) Late last night, CHILLGUY broke out of its $260 million to $300 million market cap range and hit a new all-time high of $523 million in less than four hours. The price rise was due to the emergence of several screenshots purportedly showing Binance-linked wallets purchasing nearly half a million dollars worth of CHILLGUY.
This quickly led to rumors that Binance would be the first major centralized exchange (CEX) to list the Chill Guy. However, Bybit appears to have beaten Binance, announcing the listing of CHILLGUY tomorrow (November 26).
Currently, the only notable CEX listings for Chill Guy are MEXC and GATE. With this viral coin handling over $200 million in volume daily, it’s only a matter of time before other major exchanges jump in on a slice of this juicy trading volume.
With leaked screenshots of Binance buying and Bybit officially announcing their listing of the Chill Guy, other Tier 1 exchanges will likely be racing to be the first to list. Keep an eye on Coinbase, OKX, and Kraken for possible upcoming CHILLGUY listings.
For an idea of where Chill Guy might be headed in a post-Binance world, look no further than Peanut The Squirrel (PNUT). It was around the $450 million mark at the time of its listing on Binance. In less than 24 hours, it reached $2.25 billion, a 5x increase. Trading volume for PNUT also skyrocketed, from $750 million before Binance’s listing to nearly 6 billion of dollars once uploaded to the main CEX.
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TikTok is quickly becoming the birthplace of many viral memes that turn into coins
Chill Guy is everywhere on TikTok. New memes about him are constantly going viral, gaining millions of views every day.
This dog has real potential to become a cultural icon, as $Pepésomething that could be there for years.
Think bigger. @chillguycto #ChillGuy pic.twitter.com/lYb115xdXC
– Éon (@Crypto_Aeon7) November 19, 2024
TikTok is establishing itself as a platform for entertainment and financial trends. Short videos, clear messages and a playful tone have proven to be effective tools for attracting young investors. With Chill Guy, the power of TikTok has once again proven to be a juggernaut in giving birth to another cultural phenomenon.
Generation Z identifies with cryptocurrencies that represent more than monetary value, they look for a good meme and cult-like communities. Chill Guy has blended the two perfectly, using the virality of TikTok to build a project that perfectly captures the spirit of the moment.
Chill Guy has transcended both the TikTok community and the crypto space. Some of the biggest sporting institutions in the world have included Chill Guy memes in their social media posts. From English Premier League soccer teams to NBA and NFL teams in the United States, and every major sports league in between, the Chill Guy is everywhere.
Celebrities, music artists, brands, and even Chess’ official social media accounts have also posted Chill Guy memes. With this level of virality, there is a good chance that CHILLGUY will become the SHIB of this cycle. SHIB peaked at $40 billion in market capitalization in 2021. For the Chill Guy to reach these levels, a nearly 100x return is expected for investors who buy here.
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