How the Chill Guy Meme Token Turned $1,000 Into a Million

Dogecoin, once the loudest pup in the crypto, has quieted down. After hitting a three-year high last week, it slipped back to $0.38. Meanwhile, other canine-themed tokens like Shiba Inu (SHIB), Bonk (BONK), and Dogwifhat (WIF) also saw a dip.  

What happened? Experts say it’s all about the hype. Dogecoin thrives on attention, but even Elon Musk can’t keep cracking jokes on X forever. And Donald Trump’s suggestion to create D.O.G.E. (Department of Government Efficiency) hasn’t materialized into policy either.  

Miners, however, haven’t missed a beat. Youwei Yang, Chief Economist at BIT Mining, pointed out potential shifts in Dogecoin mining. He urged miners to seize the moment:  

History has taught us these profit levels don’t last. Sell some to lock in gains or, at the very least, cover your electricity bill.

This pragmatic advice may have also contributed to the price dip. But even in calm mode, Dogecoin remains a legend, boasting a 163% price surge over the past month.  

From Memes to Millions  

As other long-established dog-themed coins stumble, a new contender has emerged to pick up where Dogecoin left off. TikTok, not typically known as a crypto platform, has become the surprising stage for this meme token's rise, convincing many traders that a fresh audience is joining the crypto craze.

While Dogecoin gathers its strength, a new star player has entered the arena. Based on a viral TikTok meme, the Chillguy token has suddenly captured investors' attention, soaring by 4,000% in just two days. 

The character's creator, artist Phillip Bankss (not to be confused with street artist Banksy), designed the dog wearing a hoodie and jeans. Its heroically calm demeanor resonated so deeply with TikTok users that they began snapping up the meme coin.  

Even politicians couldn’t resist. El Salvador’s crypto-loving president, Nayib Bukele, is already in on the action.  

One trader with the wallet ID 9zW invested $233.89 in Chillguy during its launch on Pump.fun. In just 30 hours, the token surged 38,800%, and the trader cashed out $16,200. Sensing an opportunity, they reinvested $867.35, bringing their total investment to $1,101.24. Fast forward to today: the wallet has sold $411,500 worth of Chillguy tokens and still holds another $636,942 worth. 

Fast forward to today, the wallet has sold $411,500 worth of Chillguy, according to DEX Screener, while $636,942 worth of tokens remain in the account. Of course, the remaining over half a million dollars in the meme token could drop in value in an instant. He better sell those tokens to be considered a “ChillGuy Millionaire” forever.

Another trader turned a modest $865 investment into a peak value of $6.4 million. 

Of course, no success story is complete without a bit of drama. Phillip Bankss isn’t thrilled about his art being used in the crypto industry. He wrote on X:  

I do not approve or consent to my art being used for anything crypto-related. Please leave me alone.

Shortly after, he locked his account to escape the spotlight.  

However, today on his Instagram account, he expressed his displeasure with the President of El Salvador, writing:

You can’t really blame the artist for being upset – millions of dollars are flying around, and not a single cent or shoutout is coming his way. All the glory has gone to a soulless token, while the creator himself remained in the shadows.

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