Memecoin Trader Makes 38,399x Return on His Investment – Here is How

Bitcoin has been steadily gaining traction, but the spotlight has recently shifted back to memecoins, which continue to capture the imagination of investors with their high-risk, high-reward appeal.

One trader exemplified this trend by reportedly turning a $160 investment into a staggering $6.14 million through a Solana-based memecoin called “Just a Chill Guy” (CHILLGUY).

The coin, inspired by a viral cartoon, has skyrocketed in popularity over the past month.

Blockchain tracker Lookonchain revealed that the trader initially bought 12.5 million CHILLGUY tokens for 0.75 SOL and later sold a portion, netting $35,400. With 9.62 million tokens still in their wallet, the trader’s total profit stands at over $6 million—a 38,399x return on the original investment.

READ MORE:

Grayscale’s Altcoin Surge Sparks Hopes for 2025 Rally

However, the memecoin’s viral rise faces a legal hurdle. Phillip Banks, the creator of the original “Chill Guy” cartoon, announced plans to take legal action against unauthorized uses of his copyrighted work.

On the platform X, Banks warned that takedowns targeting for-profit ventures related to the cartoon are imminent, after which the token’s price plummeted.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.