Binance introduced Wednesday it might record TikTok-inspired meme coin CHILLGUY and Morpho lending protocol’s MORPHO on its futures market. The itemizing got here after CHILLGUY hit $600 in market cap inside two weeks of launch.
CoinGecko information reveals that CHILLGUY’s worth has risen round 7% over the previous 24 hours, whereas extending its weekly good points to 80%.
The token reached a brand new excessive of $0.65 in early buying and selling right this moment however has skilled a pullback, presently buying and selling at roughly $0.53.
As of the most recent market information, the token’s market cap sits at round $534 million, overtaking common meme cash Turbo (TURBO) and Moodeng (MOODENG). It’s on observe to surpass E book of Meme (BOME) within the meme coin market rank.
Whereas many meme tokens expertise main worth will increase upon being listed on Binance, CHILLGUY’s rally was comparatively transient. The token’s worth soared 13% to $0.62 however has since declined to beneath $0.6.
MORPHO, then again, jumped over 40% following Binance itemizing information. The surge boosts its day by day good points to 80%, per CoinGecko information.
What’s CHILLGUY?
The CHILLGUY token attracts its inspiration from the ‘Chill Man’ character, a viral digital paintings and meme created by artist Phillip Banks.
The meme resonates with audiences for its relatable portrayal of a laid-back perspective. The character is depicted as an anthropomorphic brown canine sporting a gray sweater, blue denims, and purple sneakers, characterised by a relaxed smirk and fingers in pockets.
Nayib Bukele, the President of El Salvador and a Bitcoin advocate, lately shared a tweet that includes the Chill Man meme, which resulted in a surge within the worth of the CHILLGUY token. The worth of the CHILLGUY token elevated by 65% inside simply 90 minutes following his tweet.
pic.twitter.com/WRxdP6qreN
— Nayib Bukele (@nayibbukele) November 21, 2024
Nevertheless, Banks is just not content material along with his paintings’s unauthorized use in crypto tasks. He has acknowledged that he doesn’t endorse any crypto initiatives involving his work.
