While the crypto market has lost $8 billion in the 24 hours with major coins like Dogecoin going down, CHILLGUY has stood out for hitting a new all-time high (ATH).
As the crypto market opened on Wednesday, November 27, the newly launched meme coin Just a Chill Guy was found to soar more than 50%.
This meme coin based on a popular dog character wearing blue jeans was launched on November 15. It has been gaining traction courtesy of the explosion of CHILLGUY memes on social media, especially TikTok.
On Wednesday, November 27, CHILLGUY rose 58% to hit a new all-time high (ATH) at $0.6464. However, it later dropped down to $0.61, registering a 49% surge in 24 hours.
In the face of the huge losses faced by the broader crypto market, the token’s performance stood out. As per on-chain data analysis, CHILLGUY smart money net inflows touched $839.23K in the last 24 hours.
This shows a spike in interest among large-scale crypto investors for the meme coin, which has further caused the CHILLGUY price to soar. Analysts believe that the meme coin might rally to the $1 mark or higher if this bullish trend continues.
But if the selling pressure builds up then CHILLGUY might go below $0.40 for some time. Hence, crypto traders have to take a cautious approach.
At the moment, all eyes are on the CHILLGUY price movement as it can charge up the ongoing downturn in the crypto market.
The growth shown by Just a Chill Guy in times of market struggle like today proves its mettle and shows that the meme coin has room for growth even in tough times.
As of November 27 evening, CHILLGUY has spiked 8.93% in the last 24 hours to trade at $0.5375 while its trading volume has risen 43.20% to be at $319.71 million and the market capitalization has increased to $534.47 million.