Memecoins’ ascent is accelerating, especially thanks to the well-known video-sharing website TikTok, which is turning into a focal point for the promotion of these cryptocurrencies.
The CHILLGUY token, which was introduced on the Solana-based platform Pump and is associated with a popular meme of a cartoon dog, is a perfect example.Just two months ago, it was fun.
Despite having a liquidity level of only $4.7 million, CHILLGUY currently has a market capitalization of $374 million and has seen an astounding price gain of 251% in only one day and 482,270% over the last week.
The rapid ascent of the cryptocurrency is correlated with the virality of its meme on many social media sites, particularly TikTok.
