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Home BREAKING NEWS

Traders Turn Thousands into Millions Trading Solana Meme Coin CHILLGUY; Here is How They Did it

Matoy by Matoy
November 20, 2024
in BREAKING NEWS, CRYPTO
Reading Time: 3 mins read
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  • A trader turned $21,000 into $2.68 million within four days by trading $CHILLGUY.
  • Another investor flipped $160 into $1.6 million, highlighting $CHILLGUY’s explosive rise.
  • Meme coin frenzy continues, with $CHILLGUY’s trading volume exceeding $31 million in 24 hours.

A Solana meme coin, $CHILLGUY, has made headlines for its dramatic price movements, creating life-changing gains for several investors in just days. One trader saw a $21,000 investment skyrocket to $2.68 million within four days, selling off 23.8 million tokens for $2.24 million while retaining an additional $459,000 worth of tokens.

Source: Solscan

Smaller Investments Turn into Fortunes

Another investor made waves by transforming a modest $160 investment into over $1.6 million. Blockchain data from Solscan reveals their current holdings of 9.62 million $CHILLGUY tokens. Both cases underscore the ongoing meme coin craze, as traders capitalize on high-risk, high-reward opportunities in volatile markets.

The $CHILLGUY token, which gained traction on the Solana blockchain, saw a trading volume of $31.54 million over 24 hours, alongside a price surge of 459.19%. Market participants attribute the token’s success to its meme-driven appeal and community support, making it a standout in the current wave of speculative trading.

Source: Solscan

Meme Coin Mania Rages On

The story follows similar trends in the meme coin market, such as the rise of Pnut, a Solana-based token inspired by a viral squirrel story. An anonymous trader turned a $17 investment in Pnut into $3 million, capitalizing on its surge following a Binance listing. While some traders have achieved extraordinary profits, others, like the Pnut token’s creator, missed out on potential gains by cashing out early.

As memecoins continue to attract attention for their meteoric rises, they remain highly volatile and unpredictable. These trades highlight both the opportunities and risks associated with speculative assets in the cryptocurrency space.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
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Matoy

Matoy

If Matoy is not busy looking at the latest Web3 news, he's always in the kitchen cooking delicious meals for his family. He's also a competitive fighting game player and a car enthusiast

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