Dogecoin

Solana

Just a chill guy

A Solana-based memecoin trader turned a $160 investment into millions after buying tokens tied to a viral internet meme.
Data from Solana’s blockchain explorer Solscan shows that on Nov. 15, a wallet made two purchases of the Just a chill guy (CHILLGUY) memecoin.&nbsp;
The trader <a data-ct-non-breakable="null" href="https://solscan.io/tx/3D4Ykgzq8hWbHQNZRYNUmKaaj1u6Hu8XLRUQCsMwAwL4bF1uq2pYj2KPMQkaAeAmXfgAaFDGr3ZFb3Sokq6pfUDC" rel="null" target="null" text="null" title="null">exchanged</a> 0.50 Solana (<a data-ct-non-breakable="null" href="https://cointelegraph.com/solana-price-index" rel="" target="_self" text="null" title="https://cointelegraph.com/solana-price-index">SOL</a>), worth around $107 at the time, for 9.6 million CHILLGUY tokens on the Solana memecoin generator platform Pump.fun. Hours later, the trader <a data-ct-non-breakable="null" href="https://solscan.io/tx/2FYYPVt7gjzTYBnqV6E5VKQ9e1Px2zKRoSwzWoZWiHTp1MyuZExcXi2ZG5eKgEorCVBpLZju5ik5DkLYK2D56U7T" rel="null" target="null" text="null" title="null">added</a> another 0.246 SOL (about $51) for 2.8 million tokens.&nbsp;
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 <img alt="Solana memecoin trader turns $160 into $5.6M with viral token" src="https://s3.cointelegraph.com/uploads/2024-11/01936dc2-d03f-7c86-8c9b-bf9acea01f20" title="">
 <figcaption style="text-align: center;">
 Memecoin trader buys Just a chill guy tokens for $160. Source: Solscan
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The CHILLGUY token launched on Nov. 15 on the Solana blockchain, riding the wave of the viral “Just a chill guy” meme that gained popularity on social media. The token’s value surged, reaching a peak market capitalization of $643 million by Nov. 27. At the time of writing, the memecoin trades at $0.58.&nbsp;
Blockchain data suggests the trader sold 2.8 million tokens early for 149 SOL, about $35,000 — missing out on a potential $1.6 million profit. However, the trader still holds 9.62 million tokens, now valued at about $5.6 million.
Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/dogecoin-flips-porsche-market-cap-doge-etp-musk-posts" rel="null" target="null" text="null" title="null">Dogecoin flips Porsche market cap as DOGE ETP, Musk drive rally</a>
<h2 id="just-a-chill-guy-artist-threatens-legal-action-against-tokens">Just a chill guy artist threatens legal action against tokens</h2>
While some traders profited from the token’s success, the artist behind the Just a chill guy character has publicly denounced its unauthorized use.
On Nov. 21, the artist, known as PhillipBankss on X, said he had already <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/chill-guy-creator-threatens-legal-action-memecoins" rel="" target="_self" text="null" title="https://cointelegraph.com/news/chill-guy-creator-threatens-legal-action-memecoins">copyrighted the chill guy character</a>. The artist said he will issue takedowns for for-profit use of the art in the next few days. The artist previously said that he neither endorsed nor consented to the artwork being used in crypto assets.&nbsp;
<figure>
 <img alt="Solana memecoin trader turns $160 into $5.6M with viral token" src="https://s3.cointelegraph.com/uploads/2024-11/01936dc2-64cd-7453-b728-6f9363331d29" title="">
 <figcaption style="text-align: center;">
 Source: <a data-ct-non-breakable="null" href="https://x.com/PhillipBankss/status/1859480173965378010" rel="null" target="null" text="null" title="https://x.com/PhillipBankss/status/1859480173965378010">PhillipBankss</a>
 </figcaption>
</figure>
Despite the artist’s objections, community members on X say enforcement may be challenging. Some said that memecoins based on decentralized and anonymous launches are difficult to regulate or shut down.
Another community member said the memecoin would exist with or without the artist and that the crypto asset is now immortalized on the blockchain.&nbsp;
Magazine: <a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/crypto-four-years-grow-cant-be-shut-down-kain-warwick-infinex/" rel="null" target="null" text="null" title="null">Crypto has 4 years to grow so big ‘no one can shut it down’: Kain Warwick, Infinex</a>

Solana memecoin trader turns $160 into $5.6M with viral token

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