Is CHILLGUY the Next Big Meme Coin? MrBeast’s Endorsement Spark Investor Interest

The post Is CHILLGUY the Next Big Meme Coin? MrBeast’s Endorsement Spark Investor Interest appeared first on Coinpedia Fintech News

The meme coin “Just a Chill Guy” (CHILLGUY) is making waves in the crypto space, experiencing a 35% price surge after being listed on major exchanges like KuCoin and Bybit. This rapid rise in value comes at a time when the meme coin market is buzzing with excitement. Notably, CHILLGUY’s trading volume jumped 23% in a single day, reaching $244.96 million, while its weekly performance showed a robust 51% gain. The coin’s success largely depends on these listings, which have significantly increased its exposure to a wider investor base.

Not only that, but it is also getting celebrity attention, popular YouTuber and entrepreneur MrBeast took to X to praise CHILLGUY, calling it “the biggest meme of our lifetimes.” MrBeast’s endorsement helped the coin to come into the spotlight, with big supporters, crypto is expecting a wider adoption in the coming months. 

Potential Risks

However, not all is smooth sailing for CHILLGUY. The coin faces legal risks as the meme’s original creator, Phillip Banks, has voiced dissatisfaction with the way his art is being used for profit, which could lead to legal action against the project. Despite this uncertainty, the buzz surrounding the coin, fueled by strong exchange listings and high-profile endorsements, has made CHILLGUY a major player in the meme coin space for now.

Will CHILLGUY Break $1 Mark? 

CHILLGUY could break $1 if it continues to attract large-scale investors. As of now, CHILLGUY is trading at approximately $0.622, having reached a high of $0.648 and a low of $0.4156 over the past 24 hours. The coin’s recent price action reflects strong market sentiment and growing investor interest. Plus, a few prominent traders have made big bets on CHILLGUY. One investor reportedly spent $1 million to purchase the token, while another early investor saw massive returns, buying 12.5 million tokens for just $160 and now sitting on a $6.14 million profit.

However, if the market faces more selling pressure, it could see a temporary dip. Investors need to watch every move the coin takes to minimize the losses.