Chill Guy Meme Coin Pumps Another 50% as Creator Fights Back

by Marco Stracke

From TikTok tendencies to crypto wallets, the “Relax Man” meme has become an net phenomenon, turning a laid-relieve sketch dogs into the face of one million-dollar market cap crypto.

Since its November 15 originate, the Relax Man meme coin ($CHILLGUY) ballooned from a $10 million market cap to over $461 million, driven by the frequent recognition of the Relax Man personality—a silent anthropomorphic dogs in a grey sweater, blue denims, and crimson sneakers.

The Solana-basically based utterly meme coin has increased in worth by 50% over the last 24 hours alone, shopping and selling moral nervous of $0.50, per CoinGecko recordsdata. The token’s upward push shows the ongoing craze spherical meme coins, which proceed to defy market norms with their unstable but lucrative returns.

CHILLGUY parts an anthropomorphic brown dogs carrying a grey sweater, rolled-up denims, and crimson sneakers, charming audiences with its laid-relieve demeanor and has develop correct into a cultural phenomenon.

Incessantly paired with humorous captions on platforms like TikTok, the personality embodies a carefree attitude, resonating in particular with Gen Z audiences.

On the other hand, the coin’s ascent has no longer been without controversy. In the relieve of the meme coin’s success lies growing force because the meme’s creator, Philip Banks, pushes relieve in opposition to what he calls unauthorized exploitation of his work.

“Correct placing it accessible, Relax Man has been copyrighted. Savor, legally. I’ll be issuing takedowns on for-income related things over the following few days,” Banks tweeted last week.

While Banks clarified that informal utilize by brands or folks isn’t his aim—“I moral demand for credit ranking. Or Xboxes.”—he infamous unauthorized merchandise and shitcoins are crossing the line.

No topic these concerns, early adopters of CHILLGUY private considered huge returns, with one trader turning a $1,000 investment into over $1 million internal days.

It is no longer the principle time meme coins private demonstrated their ability to convert net phenomena into monetary windfalls.

Not too prolonged ago, the Peanut the Squirrel (PNUT) token—inspired by the viral story of Peanut, a pet squirrel euthanized by Contemporary York authorities—reached a $1 billion market cap internal two weeks, while the First Convicted Raccoon (FRED) coin climbed 383% in a day.

Edited by Sebastian Sinclair

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