The world of cryptocurrency is full of fascinating stories. The journey of the meme coin Chill Guy (CHILLGUY), launched on November 15, 2023, is a prime example. Its story began in October 2023 with a viral meme created by artist Philip Banks, who posted an image on the social network X of an anthropomorphic dog dressed casually in sneakers, jeans, and a grey sweater. The dog’s face featured a relaxed smirk, exuding an easygoing attitude toward life.

The official website of the meme coin includes a Fun Facts section, highlighting Chill Guy's favorite catchphrase: "Why worry?" Many crypto enthusiasts see Chill Guy as a symbol of a carefree approach to life.

The coin did not gain popularity immediately, only capturing attention a year after its creation. Its rise was fueled by interest from TikTok users and the adoption of the meme by organizations like the Atlanta Hawks basketball team and AMC Theatres. As of now, Chill Guy has reached a market capitalization of $655 million, achieving this milestone in a remarkably short time.

However, the token's success sparked a backlash from Philip Banks. "I do not consent to my art being used for anything related to cryptocurrency. The Chill Guy token is protected by copyright! I am prepared to demand the withdrawal of anything tied to profits," the artist declared sharply.

Banks' statement alarmed investors, causing many to back away. This situation negatively impacted the price of Chill Guy, resulting in a loss of over $300 million in market capitalization within days. Despite this setback, the token eventually stabilized.

Currently, Chill Guy can be purchased through various methods, including the Moonshot liquidity protocol or a crypto wallet. Buyers typically acquire Solana (SOL) coins first, which can then be exchanged for CHILLGUY on the decentralized trading platform Jupiter. Besides, the meme coin is available on centralized platforms like Binance, Bybit, and KuCoin.

Despite its explosive popularity, Chill Guy is far from unique. It remains one of many meme coins operating within the Solana ecosystem. The token became available for trading recently but quickly attracted investor interest. According to analysts, after its rapid rally, Chill Guy has entered a correction phase. Experts remain optimistic about the token's medium-term potential.