This Viral Meme Coin Rises 50% Daily Amid Binance Listing Speculation: Details

TL;DR

CHILLGUY’s price headed north in the last 24 hours, outperforming DOGE, SHIB and other leading coins. Although investing in meme coins may seem quite intriguing, it carries great risks, especially for inexperienced traders, and can lead to significant losses. Pumping again

The meme coin niche has started to recover from the last correction, with numerous assets posting soft gains in the past 24 hours. However, there are some whose prices have increased by double digits during the same period.

An obvious example is the recently launched meme coin based on Solana: Just a chill guy (CHILLGUY). Its valuation is up nearly 50% on a daily basis, currently trading around $0.44. Its market cap briefly topped $500 million before returning slightly to $440 million.

CHILLGUY, Source: CoinGecko

The exact reason for the concentration of the asset remains unknown. However, several market participants have recently speculated that the token could be listed on Binance. The support of such a major exchange will increase the accessibility of CHILLGUY and increase its liquidity, which could lead to another price explosion.

The asset saw the light of day last week, quickly capturing the attention of the crypto community. Among those who spoke about its progress was El Salvador’s BTC-loving president, Nayib Bukele. He posted a photo of the smiling dog (CHILLGUY’s logo) on his official X account, prompting a flurry of reactions.

Still Far from the Top

Despite its solid bomb recently, CHILLGUY has yet to catch up with the industry leaders. Dogecoin (DOGE) remains the largest meme coin, with a market cap of over $63 billion. Shiba Inu ( SHIB ) is next at $15.3 billion, while Pepe ( PEPE ), Bonk Inu ( BONK ), and dogwifhat ( WIF ) are all below $10 billion.

Memes have become one of the highlights of this bull cycle, offering the potential for impressive profits to people who jump on the bandwagon at the right time and cash out before it’s too late.

On the other hand, the niche could be quite dangerous for inexperienced and overleveraged traders and could lead to crucial losses.

Those about to enter the ecosystem should follow a few key rules, such as investing only what they are willing to lose and doing proper research beforehand.

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