Strong rumors are circulating that Binance will list the viral sensation Chill Guy (CHILLGUY) today, with front-running Bybit in the process.
Chill Guy was created by an artist, Phillip Bankss, in October last year. It has just now become by a viral meme, which began on TikTok. The Gen-Z social media platform has quickly become the birthplace for multiple meme coins, such as Lock In and Ponke.
The Chill Guy character is a relaxed and carefree dog in human clothing who takes a simple approach to life. It has quickly become a cultural phenomenon, with some of the biggest brands worldwide posting Chill Guy memes over the past week.
Interact with this post if you’re holding #chillguy before Binance listing pic.twitter.com/dX6td8Qio3
— Darky (@Darky1k) November 24, 2024
Brief History Of The CHILLGUY Meme Coin Over The Past Nine Days Since Going Live
(SOURCE)
A Chill Guy meme coin didn’t take long to launch on Solana. However, CHILLGUY is still less than 10 days old and has skyrocketed in that short time. Five days ago, the meme truly went viral and it was reflected in the chart. Chill Guy was hovering around $30 million in market cap at the time before mooning to $500 million in less than 24 hours.
As investors began taking profits, the price of CHILLGUY began fluctuating, which has led to its market cap ranging between $210 and $500 million for the past five days. Even with wild price swings, two metrics have been steadily increasing: volume and number of holders.
There are currently more than 125,000 Chill Guy holders, which might be impressive compared to meme coins such as Dogwifhat (WIF). WIF has 202,000 holders while being live for exactly 12 months, compared to CHILLGUY at 9 days old.
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Did Binance Buying Cause This Most Recent 120% Spike?
A wallet linked to Binance just made 2 purchases of a combined $491,000 of $chillguy Probably nothing…. #chillguy #Binance pic.twitter.com/fG4jKCOcWk
— solami goodman (@Andy06529862865) November 24, 2024
Late yesterday evening, CHILLGUY broke out of its $260-300 million market cap range and hit a new all-time high of $523 million in less than four hours. The spike in price was due to multiple screenshots emerging allegedly showing Binance-linked wallets buying close to half a million dollars worth of CHILLGUY.
This quickly led to murmurings that Binance would be the first major centralized exchange (CEX) to list the Chill Guy. However, Bybit seem to have beaten Binance to the punch, announcing the CHILLGUY listing tomorrow (November 26).
As of right now, the only notable CEX listings for Chill Guy are MEXC and GATE. With this viral meme coin processing over $200 million in volume daily, it is only a matter of time before the other major exchanges swoop in for a slice of that juicy trading volume.
With the leaked screenshots of Binance buying and Bybit officially announcing their listing of the Chill Guy, other Tier-1 exchanges will likely race to be the first to list. Keep an eye on Coinbase, OKX, and Kraken for the next possible listings of CHILLGUY.
For an idea of where Chill Guy could go in a post-Binance listing world, look no further than Peanut The Squirrel (PNUT). It was sitting around the $450 million mark at the time of its Binance listing announcement. In less than 24-hours, it shot to $2.25 billion, an increase of 5x. The trading volume for PNUT also spiked massively, going from $750 million pre-Binance listing to nearly $6 billion once it went live on the leading CEX.
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TikTok Is Quickly Becoming The Birthplace For Many Viral Memes That Get Turned Into Meme Coins
Chill Guy is everywhere on TikTok. New memes about him constantly going viral, gaining millions of views each day.
This dog has real potential to become a cultural icon, like $Pepe, something that could be here for years.
Think bigger. @chillguycto #ChillGuy pic.twitter.com/lYb115xdXC
— Aeon (@Crypto_Aeon7) November 19, 2024
TikTok is establishing itself as a platform for entertainment and financial trends. Short videos, clear messages, and a playful tone have proven to be effective tools for attracting young investors. With Chill Guy, the power of TikTok has once again proven to be a juggernaut in birthing yet another cultural phenomenon.
Gen-Z identifies with cryptocurrencies that represent more than a monetary value, they seek a good meme and cultish communities. Chill Guy has perfectly blended the two, using the virality of TikTok to build a project that perfectly reflects the spirit of the moment.
Chill Guy has transcended both the TikTok community and the crypto space. Some of the biggest sporting institutions around the globe have been including Chill Guy memes in their social media posts. From English Premier League soccer teams to NBA and NFL teams in the US and every major sporting league in between, the Chill Guy is everywhere.
Celebrities, music artists, brands, and even the official Chess social media accounts have also posted Chill Guy memes. With this level of virality, there is a good chance CHILLGUY becomes the SHIB of this cycle. SHIB peaked at $40 billion in market cap back in 2021. For the Chill Guy to reach those levels, there is a near 100x return on the cards for investors who buy in here.
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