News Crypto 11-22-2024 at 14:28 comment views icon

The Chill Guy meme went from a TikTok trend to a viral token with a $500 million capitalization in a few days

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Tetiana Nechet

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The Chill Guy meme went from a TikTok trend to a viral token with a $500 million capitalization in a few days

A new meme token called Just a chill guy (CHILLGUY) has appeared on the Solana blockchain, which has rapidly gained popularity among the crypto community. The main character that inspired the creation of the Just a chill guy token is a relaxed anthropomorphic hero in a gray sweater, blue jeans, and red sneakers. He represents serenity and calmness.

The author of the Just a Chill Guy meme, Philip Banks, created it in 2023. Chill Guy gained popularity after the meme appeared on TikTok under the hashtag #ChillVibes. Then, in November this year, El Salvadoran President Nayib Buchele and billionaire Elon Musk shared his work on their pages.

Since mid-November 2024, the capitalization of CHILLGUY memo reached $500 million in just a few days, although it started with $10 million. Currently, the coin’s value is $0.39, and its capitalization is — $399 million.

Chill Guy author Phillip Banks that plans to file a complaint due to the commercial use of his work without permission, in particular in the form of cryptocurrency tokens and merchandise. After Banks’ statement, the token’s value dropped by 54%, but quickly recovered. At the same time, the community created a donation wallet in favor of the artist, raising about $300 thousand, but Banks has not yet shown interest in these funds.

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