The cost is only 5,000 yuan! His purchase of "this coin" once skyrocketed 30,000 times, making a huge profit of NT$200 million

He invested $160 to buy $CHILLGUY meme coin, which skyrocketed over 30,000 times.

According to Cointelegraph, a cryptocurrency trader bought $CHILLGUY meme coin for only $160 (about 5,000 TWD) on November 15th. Just a week later, this investment has skyrocketed more than 38,000 times.

On-chain analyst Lookonchain pointed out that this trader purchased 12.5 million $CHILLGUY on the Pump.fun platform using two wallet addresses, with a total cost of 0.75 $SOL (approximately $160). Subsequently, the trader sold 2.8 million $CHILLGUY, earning 149 $SOL, which was worth approximately $35,400 at the time.

As of November 27th, the trader still holds 9.62 million $CHILLGUY, with a total realized + unrealized profit of 6.14 million US dollars, equivalent to 200 million Taiwanese dollars.

From Solscan data, it can be seen that as of today (12/3) when this article was written, he is still selling $CHILLGUY in succession, with remaining open interest of about 7.65 million and a value of 3.43 million dollars.

Image source: A trader on Solscan invested $160 to buy $CHILLGUY meme coin, which surged over 30,000 times

In other words, he still holds a large amount of $CHILLGUY, perhaps expecting to continue to receive substantial profits in the future, but some netizens also question whether he is an insider.

According to DexScreener data, $CHILLGUY is currently priced at $0.4356, with a market cap and fully diluted valuation (FDV) of $435 million, but liquidity is only $9.8 million. This means that there may be a risk of big dump if the above traders suddenly liquidate.

Source: DexScreenerCHILLGUY Meme Coin Market Cap and Price

Despite the copyright dispute, Binance still lists $CHILLGUY Perptual Futures

Although $CHILLGUY meme coin has created a "get-rich-quick myth", copyright disputes have also emerged.

The image of $CHILLGUY comes from the "Just a chill guy" series of comics. Recently, the comic author PhillipBankss stated that he has obtained the copyright and will take legal action against unauthorized use.

However, some netizens are worried that it is not easy to completely ban this decentralized and anonymous issuance of meme coins. In a previous report by City, when Gekkowa caused a craze in Taiwan, anonymous individuals ignored the copyright issuance of Gekkowa-related meme coins, which once caused a stir on the community platform Threads.

Although there is a copyright dispute, Binance exchange has announced the listing of $CHILLGUY's USDT Perptual Futures trading pair on November 27, with a maximum leverage of 75x. According to Chain News, this may have opened a new door for unauthorized meme coins, and the subsequent dispute of interests between copyright, meme coins and exchanges is worth following.

Further reading: What is CHILLGUY that can be listed on Binance? A popular meme coin with a turbulent destiny, its 1 characteristic is LUCE opening the door.

【Disclaimer】There are risks in the market, and investment needs to be cautious. The content of this article is for reference only. Participating in the investment of meme coin involves extremely high risks, and funds may be lost. Users should refer to more diverse indicators to judge whether to invest, and consider whether any opinions, viewpoints, or conclusions in this article are applicable to their specific situation. Investing based on this is at your own risk.

The cost is only 5,000 yuan! He bought 'this currency' and made a crazy 30,000-fold increase, earning 200 million Taiwan dollars. This article was first published in 'encryption city'