Lookonchain, a blockchain tracker, reports that a savvy trader has enjoyed a 38.399x profit on a memecoin.
Lookonchain reports that an anonymous trader has made a fortune from a memecoin called Just a Chill Guy, a Solana coin based on a viral animation.
Turned $150 into $6.14M. ?a 38,399x return!
This trader bought 12.5M CHILLGUY at http://Pump.fun for only 0.75 $SOL ($160), and sold it to a buyer who paid 149 $SOL ($35.4K) for the remaining 2.8M. CHILLGUY
“The trader has 9.62M CHILLGUY ($6.1M) with a profit of $6.14M!”
CHILLGUY is one of the top memecoins in the past month.
The illustrator of the “Chill Guy”, a viral meme, warned CHILLGUY coin holders last week that he would take legal action over issues with copyright against the Solana-based memecoin.
Chill Guy creator Phillip Banks used the social media platform X as a threat to take legal action against unauthorized and for-profit use of his viral cartoon.
Just putting this out there. This guy is copyrighted. like, legally. In the coming days, I will be removing all for-profit items. .”
CHILLGUY was trading at $0.461 as of the time this article is written, an increase of 16.1% compared to a week earlier. CHILLGUY dropped by about 54% after Banks tweeted. This extremely volatile coin was only created a little over two weeks ago.
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Sources of Images: Pixabay Creative Commons DALLE3
The post Lookonchain: Trader turns $160 into $6,140,000 in just 12 days on a new Memecoin based on Solana.
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