The post Why Just a Chill Guy (CHILLGUY) Is Up 50% Today appeared first on Coinpedia Fintech News
The global cryptocurrency market has been in green, showing a 3% surge and reaching a market cap of $3.5 trillion in just 24 hours. Among the standout performers is the meme coin Just a Chill Guy (CHILLGUY), which has skyrocketed by nearly 50%, grabbing attention as one of the day’s top gainers. So, what’s behind this surge, and why is CHILLGUY becoming the center of attention?
CHILLGUY Skyrocket By 50%
The meme coin Chill Guy (CHILLGUY), inspired by a popular internet character, has experienced a significant rise since its launch on November 15. Its market cap jumped from just $10 million to a peak of $790 million before settling at around $250 million.
The surge in the CHILLGUY price is largely due to speculation about a possible listing on Binance, fueled by discussions across social media. Although Binance has not officially confirmed this, the rumors have created immense excitement, attracting both retail investors and crypto whales.
In addition to this crypto Whales have been one of the key factors in CHILLGUY’s recent surge. Influencers and large investors are reportedly purchasing the token in bulk, further driving up its price.
Outperforming Major Meme Coins
In the past 24 hours, CHILLGUY has performed better than 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.
Adding to this, Coinglass data shows that CHILLGUY’s Open Interest (OI) surged by 98% this week, reaching $111.14 million. The growing OI signals rising demand, contributing to the token’s price rally.
Chillguy Price Analysis
As of now, CHILLGUY’s price is trading around $0.25, positioning well for further gains if the current momentum continues. Meanwhile, 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. Perhaps, 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.