The global cryptocurrency market has seen a 3% rise, reaching a market cap of $3.5 trillion. CHILLGUY, a standout meme coin, has surged nearly 50%.
CHILLGUY's Rapid Ascent
The meme coin CHILLGUY, inspired by a popular internet character, has experienced significant growth since its launch on November 15. Its market cap jumped from $10 million to a peak of $790 million before settling at around $250 million. The surge in CHILLGUY's price is mainly driven by rumors of a possible Binance listing, discussed widely across social media. Although Binance has not officially confirmed this, the rumors have created considerable excitement, attracting both retail investors and crypto whales.
Outperforming Other Meme Coins
In the past 24 hours, CHILLGUY has outperformed popular meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB). Early investors have seen huge profits, with one reportedly turning a $1,000 investment into over $1 million. According to Coinglass data, CHILLGUY’s Open Interest (OI) increased by 98% this week, reaching $111.14 million, indicating rising demand.
CHILLGUY Price Analysis
Currently, CHILLGUY's price trades around $0.25 and is well-positioned for further gains if the current momentum continues. On-chain data from Nansen reveals $339,000 in smart money inflows over the past 24 hours, indicating rising interest from big investors. If the buying continues, the price could rise to $0.45 or more. However, if selling pressure grows, the token might fall below its key support level of $0.18.
With growing interest and speculation, CHILLGUY is a coin to watch in the meme coin space.
