Analysis

Trader Turns $160 Into $6,140,000 on New Under-the-Radar Solana-Based Memecoin in Just 12 Days: Lookonchain

Published

12 months ago

December 1, 2024

Blockchain tracker Lookonchain says a savvy crypto dealer will get pleasure from a 38,399x return on a brand new memecoin.

In line with Lookonchain, an nameless dealer is having fun with large earnings from a Only a Chill Man (CHILLGUY), a memecoin constructed by Solana (SOL) based mostly on a viral cartoon.

“$160 changed into $6.14 million, a 38,399x return!

12 days in the past, this dealer spent simply 0.75 SOL ($160) to purchase 12.5 million CHILLGUY on http://Pump.enjoyable, then bought 2.8 million CHILLGUY for 149 $SOL ($35.4K). CHILLGUY

The dealer nonetheless has 9.62 million CHILLGUY ($6.1 million) in his possession, for a complete revenue of $6.14 million!”

CHILLGUY was some of the viral memecoins of the previous month.

Final week, the illustrator behind the viral ‘Chill Man’ meme warned CHILLGUY holders that he plans to take authorized motion towards the Solana (SOL)-based memecoin over copyright points.

Chill Man creator Phillip Banks took to the social media platform

“I am simply going to place it on the market, chill man is copyrighted. like, authorized. I will probably be issuing takedowns on for-profit issues within the coming days.”

CHILLGUY is buying and selling at $0.461 on the time of writing, up 16.1% from every week in the past. After Banks’ tweet, CHILLGUY fell about 54%. The extraordinarily risky memecoin was created lower than two weeks in the past.

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