Chill Guy, a prominent meme coin, that has emerged recently into the crypto market has been officially listed on MEXC Global. This listing was decided after the meme coin hit a market capitalization of $500 million in just a matter of 5 days after its release. With a growth surge exceeding 20,000%, the coin was on fire in the market. In this article, we will look into the Chill Guy meme coin and its listing on the MEXC.
What Is The Chill Guy Meme Coin?
Chill Guy is a meme coin that operates on the Solana blockchain. It has gained significant popularity on social media platforms like Twitter and TikTok. The meme coin is a humorous representation of a calm and collected guy. The meme coin is based on a character that was created by the digital artist Philip Banks in October 2023.
Upon its release on 18th November 2024, the coin has managed to gain significant traction in the crypto market. With a total supply of 1 billion tokens, the coin’s market capitalization stands at $383,559,969 registering a trading volume of $345.75 million in the last 24 hours. The token also has the backing of a strong and vibrant community. However, the token is currently showing signs of a bearish trend in the last few hours.
Factors Influencing The CHILLGUY Run
Numerous factors can influence the price of a meme coin. In the case of this particular coin, it is mainly because of the trending of the chill guy meme. Several videos on TikTok were featuring this chill guy character in recent weeks. As the coin is also based on this character, it is no wonder its price has risen so rapidly.
Even though the above-given factor has influenced the growth of the coin, the major reason for the coin’s surge in the market is its listing on the major exchange MEXC. We will discuss this in the coming section. There is also a rumor that the coin will make its debut on Crypto.com, one of the top centralized exchanges in the world. This is likely going to have a huge impact on the price of coins in the market.
MEXC Listing & Price
The famed meme coin CHILLGUY was listed on MEXC on the 20th of this November. You can conduct trade for this coin on the MEXC using the trading pair CHILLGUY/USDT. The initial listing price for the coin on the exchange was around $0.4527. Shortly after the listing, the coin surged in the exchange and registered an uptrend of over 100%.
On the 22nd of November, two days after its listing, the coin reached its peak market capitalization, which was approximately $517,280,982 with a trading volume of $796,111,555. As of now, the sell rate is more than the buy rate, so the coin has significantly dropped in price. But there is a high probability that it will rebound, especially with the Crypto.com listing rumors.
Potential Risks & Future Outlook
First and foremost, CHILLGUY is a meme coin and they are the most volatile ones in the crypto market. That means their value can change at a moment’s notice. Also, there is the matter of market sentiment regarding the coin. It also plays a major role in determining its market value. So, based on these factors, the coin’s price can either shoot up or go down rapidly. Investors who are looking to profit from the meme coin thus need to be extremely careful when putting their money on it.
As for the coin’s potential future, various tier-1 analysts and market experts are claiming that the coin may face significant resistance at $0.35 and $0.4. However, if the coin manages to break past this point, then it will likely reach $0.5 in no time and $1 by the end of this year. As the coin continues its bull run, there is also a possibility that many other exchanges will also scout for this meme coin. If that happens, the market value of the CHILLGUY will undergo exponential growth. At this moment, we can only wait to see what the future holds for the famous crypto meme coin.