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Solana's CHILLGUY Soars 3330% to $696M Market Cap; Binance Launches 75x Leverage Contracts

Nov 27, 2024, 03:04 AM

Just a Chill Guy (CHILLGUY), a memecoin built on the Solana blockchain, has experienced a meteoric rise since its launch on November 15, 2024. The token's value surged over 3330% this week, reaching an all-time high of $0.69 and a market capitalization of $696.83 million. It has attracted more than 130,000 holders. One early investor reportedly turned a $160 investment into $6.3 million in just 12 days. Major cryptocurrency exchanges have taken notice. Bybit listed CHILLGUY on November 26, offering a prize pool of 545,000 CHILLGUY tokens. RabbitX added the token with up to 20x leverage, and KuCoin began trading CHILLGUY on November 27. Binance announced plans to launch USDⓈ-Margined CHILLGUY Perpetual Contracts with up to 75x leverage, starting on November 27. The rapid ascent of CHILLGUY, with comparisons to popular memecoins like Dogecoin and PEPE, highlights the ongoing popularity and volatility of memecoins in the cryptocurrency market. In one notable incident, a trader mistakenly sold $20.5 million worth of CHILLGUY for just $231.