Trader Transforms $21,000 into $2.68 Million in Four Days with $CHILLGUY

A trader in Solana meme coins converted a $21,000 investment into $2.68 million in just four days by trading the $CHILLGUY token.

On November 16, the trader acquired 26 million $CHILLGUY tokens for $21,000, as indicated by blockchain data.

In the following days, as the token’s price soared, they sold 23.8 million tokens for $2.24 million, keeping 2.25 million tokens valued at around $459,000.

In just 4 days, this trader made $2.68M, a 128x return!
4 days ago, this trader spent $21K to buy 26M $CHILLGUY and then sold 23.8M $CHILLGUY for $2.24M, leaving 2.25M $CHILLGUY($459K). #CHILLGUY
Address:https://t.co/oTK7Jso81P pic.twitter.com/Pm9KJIRRxZ

— Lookonchain (@lookonchain) November 20, 2024

Another Trader Turns $160 to Over $1.6M With Chillguy

Another astute trader has successfully transformed a modest $160 investment into an impressive sum exceeding $2 million, attributed to the rapid ascent of $CHILLGUY.

As per Solscan, this account currently holds a balance of 9.62 million CHILLGUY tokens, valued at over $1.6 million.

The CHILLGUY token, also referred to as “Just a chill guy,” is a meme-based cryptocurrency operating on the Solana blockchain.

It has garnered attention for its notable price fluctuations and trading volume.

For example, recent statistics show a 24-hour trading volume of approximately $31.54 million and a price increase of 459.19% during the same timeframe.

$160 to over $2M $Chillguy https://t.co/HleTA1LI6W pic.twitter.com/mLAMbyWA2g

— Kakashi (@kkashi_yt) November 20, 2024

Significantly, there have been additional instances of traders converting small investments into substantial wealth recently as the meme coin craze continues.

Recently, an anonymous trader turned a $17 investment in Pnut, a meme coin inspired by a viral squirrel, into an astonishing $3 million in Solana tokens.

The token, created through Pump.Fun, gained traction following the story of P’Nut, a squirrel euthanized for a rabies test, which garnered widespread internet support.

By capitalizing on perfect timing, the trader took advantage of Pnut’s rapid rise, exchanging tokens at their peak value of $1.50 just hours after Binance announced its listing.

While the trader’s 16,470,500% profit marked one of the most successful meme coin trades in history, Pnut’s creator experienced a markedly different outcome.

After investing $335 in Solana to mint 1 billion Pnut tokens, the creator cashed out early for just $620, missing out on what could have been a significant fortune.

Solana DApps See Record Fees and Revenue Amid Meme Coins Resurgence

As reported, Solana-based decentralized applications (DApps) have recorded unprecedented fees and revenue, fueled by a resurgence in meme coin activity.

Similarly, trading activity on Solana-based decentralized exchanges (DEXes) has reached all-time highs as meme coin enthusiasm spreads throughout the crypto market.

As noted, institutional investment in Solana-based blockchain applications rebounded in the third quarter of 2024, with Solana’s decentralized applications (DApps) attracting $173 million across 29 funding rounds.

This represents a 54% increase from the previous quarter, indicating renewed interest in the Solana ecosystem despite a 37% decline in the number of funding rounds, according to a recent Messari report.

According to the report, this influx of capital signifies the highest investment level in Solana projects since Q2 2022.

The third quarter also witnessed a significant rise in Solana’s fee-related metrics.

Average daily fee payers reached 1.9 million, a remarkable 109% increase quarter-over-quarter, while new fee payers surged 430% to 1.3 million.

However, the network’s daily transaction volume, excluding voting-related activity, fell by 12% to 62 million transactions.

The post Trader Turns $21K into $2.68M in 4 Days with $CHILLGUY appeared first on Cryptonews.