El Salvadoran President Nayib Bukele recently shared a meme-themed post featuring the “Just a Cool Guy” mascot, causing the value of the associated memecoin $CHILLGUY to soar. Following the publication, $CHILLGUY experienced a short-term rally, with the token trading at $0.454, up 106% in 24 hours.
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— Nayib Bukele (@nayibbukele) November 21, 2024
Currently, the price of $CHILLGUY is $0.3271, representing a gain of 59.17%. Its market capitalization now stands at $349.88 million, with 24-hour trading volume rising to $365.71 million. In just one hour, trading volume of US$80.26 million was recorded, evenly split between buys (US$40.1 million) and sells (US$40.16 million). The token’s sudden popularity has attracted significant attention from both buyers and sellers.
Trajectory of $CHILLGUY based on Solana
Since its launch, $CHILLGUY has generated significant profits for early adopters. For example, one trader reportedly made over $1 million with an initial investment of $1,000 in less than a week. President Bukele, known for his pro-bitcoin stance and initiative to buy 1 BTC per day, renewed interest in $CHILLGUY with his subtle post.
“Just a Chill Guy” ($CHILLGUY) is a Solana-based meme coin inspired by a viral TikTok meme. Its mascot, created by artist Phillip Banks in 2023, has contributed to the token’s growing appeal. Bukele’s message not only fueled the $CHILLGUY frenzy, but also gave impetus to the development of Solana (SOL), known for its meme coin ecosystem.
Over the past 24 hours, SOL shares have risen 2.37% and are now trading at $241.39, with a market capitalization of $114.57 billion. This growth is supported by a 4.91% increase in 24-hour trading volume, which reached $7.22 billion .
