Chill Guy Meme Coin Surges 482,000% as TikTok Drives Trends

• Chill Man’s meme coin rose 482,270% in a single week, pushed by viral TikTok developments.
• The CHILLGUY token reached a market cap of $374 million.
• Distinguished figures, together with El Salvador’s President Nayib Bukele, have embraced the Chill Man meme, additional fueling its reputation.

The viral nature of meme cash is evolving as promotion shifts from X (previously Twitter) to platforms like TikTok, the place the Era Z demographic is amplifying the developments. An excellent instance is Chill Man, a canine cartoon-based meme that dominates TikTok,

The CHILLGUY token was launched two months in the past on Solana’s Pump.enjoyable platform. Within the final 24 hours, its worth has elevated by 251%, and in only one week it has skyrocketed by a whopping 482,270%, based on information from DexTools. Regardless of these notable features, the token’s liquidity stays comparatively modest at $4.7 million.

CHILLGUY has a market cap of $374 million, making it the seventh largest meme coin within the Pump Enjoyable ecosystem, behind notable tokens like PNUT and GOAT.

TikTok’s function within the rise of meme cash

The rise in CHILLGUY’s value coincides with the viral unfold of the chilled-out cartoon canine meme. TikTok specifically has change into a central hub for this meme, with one viral video racking up greater than 8,274 likes this Tuesday.

The video humorously portrays the expertise of buying the token with the caption: “If you happen to purchase the Chill Man Token as a result of… you are only a Chill Man making an attempt to make some cash.” Equally, a associated publish on X additionally generated 2.5 million impressions.

Apparently, even outstanding figures within the crypto world, similar to Nayib Bukele, the pro-Bitcoin president of El Salvador, joined the pattern by posting the Chill Man meme.

The shift in crypto advertising and marketing to Era Z and TikTok

Specialists emphasize TikTok’s essential function on this phenomenon. Suki Yang, founding father of meme coin platform LMAO, explains that whereas

With over a billion energetic customers, TikTok is uniquely positioned to drive meme coin developments, particularly amongst youthful, tech-savvy people who’re deeply concerned in crypto.

Yang is optimistic concerning the evolving enterprise mannequin by which creators use TikTok to generate memes and meme cash, turning consideration into monetary success.

This shift aligns with the views of Nicolai Søndergaard, a analysis analyst at blockchain analytics agency Nansen. He famous that Era Z’s financial mindset – formed by uncertainty and a digital-first world – makes them extra prone to embrace meme cash and crypto over conventional monetary programs.

Søndergaard additionally notes that TikTok is shortly turning into the breeding floor for brand spanking new crypto developments, with crypto Twitter amplifying probably the most promising concepts.