Trader Turns $160 Into $6M In Just 12 Days With ‘Chill Guy’ Meme Coin But Insider Trader Concerns Arise

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Trader Turns $160 Into $6M In Just 12 Days With ‘Chill Guy’ Meme Coin But Insider Trader Concerns Arise

Trader Turns $160 Into $6M In Just 12 Days With ‘Chill Guy’ Meme Coin But Insider Trader Concerns Arise

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A trader won a fortune ******** on a cryptocurrency inspired by a viral internet meme, which is now worth more than $500 million in market capitalization.

What Happened: On-chain tracking platform Lookonchain took to X Wednesday, highlighting the extraordinary trade of Just a chill guy (CHILLGUY) token.

The trader turned a mere $160 into a staggering $6.14 million in just 12 days, marking a 38,399X return on investment.

The trader purchased 12.5 million CHILLGUY tokens on Pump.fun, a Solana (CRYPTO:

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)-based meme coin launching pad, for 0.75 SOL, equivalent to $160. Subsequently, they sold 2.8 million CHILLGUY for 149 SOL, worth $35,400.

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The trader still has 9.62 million tokens in their coffers, valued at $6.1 million, resulting in a total profit of $6.14 million.

The huge windfall planted doubts in the minds of some observers, who called the trader an insider. Since their *****, the price of the token has plummeted as much as 21%.

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Schemes like pump-and-dumps have been fairly common in the cryptocurrency market, where a person or group starts to artificially inflate the price. Once unsuspecting investors are lured in and the price is sufficiently “pumped,” the holders start dumping their assets at profits.

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#Trader #Turns #Days #Chill #Guy #Meme #Coin #Insider #Trader #Concerns #Arise

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