El Salvador’s President, Nayib Bukele, recently shared a meme-themed post featuring the “Just a Chill Guy” mascot, sparking a surge in the value of the associated memecoin, $CHILLGUY. Following the post, $CHILLGUY experienced a short-term rally, with the token traded at $0.454, seeing a 106% increase over 24 hours.
— Nayib Bukele (@nayibbukele) November 21, 2024
Currently, $CHILLGUY is priced at $0.3271, reflecting a 59.17% gain. Its market cap now stands at $349.88 million, while the 24-hour trading volume has climbed to $365.71 million. Within just an hour, $80.26 million in trading volume was recorded, uniformly split between buy ($40.1M) and sell ($40.16M) activity. The token’s sudden popularity has drawn significant attention from both buyers and sellers alike.
Solana-based $CHILLGUY Trajectory
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Since its launch, $CHILLGUY has delivered substantial profits to early adopters. For example, one trader reportedly earned over $1 million from an initial investment of $1,000 in less than a week. President Bukele, renowned for his pro-Bitcoin stance and his initiative to buy 1 BTC daily, has reignited 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 fueled the token’s growing appeal. Bukele’s post not only amplified the $CHILLGUY frenzy but also provided a boost to Solana (SOL), known for its meme coin ecosystem.
SOL has risen 2.37% in the past 24 hours, now trading at $241.39 with a market cap of $114.57 billion. This growth is supported by a 4.91% increase in its 24-hour trading volume, which reached $7.22 billion.
Also Read: Can Solana Memecoin Volume Surge Cause $SOL Price Hit $300?
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