The "Chill Guy" meme coin ($CHILLGUY), featuring a relaxed anthropomorphic dog, has soared in popularity since its launch in November 2021, with its market cap increasing from $10 million to over $461 million. The Solana-based meme coin has risen by 50% in the past 24 hours and reflects the ongoing craze around meme coins. However, there have been controversies surrounding the coin, as its creator, Philip Banks, has expressed concerns about unauthorized exploitation of his work. Despite this, early adopters of CHILLGUY have seen significant returns, with one trader turning a $1,000 investment into over $1 million. Other meme coins, such as Peanut the Squirrel (PNUT) and First Convicted Raccoon (FRED), have also experienced success in the market.



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