A prominent crypto whale recently made headlines by selling $CHILLGUY tokens to acquire $Fartcoin, triggering waves in the Solana meme coin ecosystem.
The Artist for the CHILLGUY meme just disclosed that he has provided licensing and IP rights for the $CHILLGUY token🔥🤯
He also opened a #Solana wallet and had people donate to him.
Bullish for $CHILLGUY!!🔥🔥🚀🚀 pic.twitter.com/lpMKxpTVJe
— Future Trends (@futuretrendsedu) December 13, 2024
The whale initially spent 2,025 $SOL to purchase 5.73 million $CHILLGUY tokens and later sold them for 9,963 $SOL, securing a massive profit of 7,938 $SOL, equivalent to $1.79 million.
Over the past 21 days, the same whale has invested 12,160 $SOL (approximately $2.75 million) to acquire 8.15 million $Fartcoin tokens. These holdings are now valued at $5.28 million, giving the whale an unrealized profit of $2.53 million.
A whale is selling $CHILLGUY to buy $Fartcoin.#CHILLGUY #Fartcoin
The whale spent 2,025 $SOL to buy 5.73M $CHILLGUY and sold for 9,963 $SOL, making 7,938 $SOL($1.79M).
In the past 21 days, the whale has spent 12,160 $SOL($2.75M) to buy 8.15M $Fartcoin($5.28M currently), with… pic.twitter.com/UE0bevACCg
— Lookonchain (@lookonchain) December 13, 2024
Meanwhile, $CHILLGUY has faced significant turbulence. The token’s price plummeted by 45% within 30 minutes following revelations that the original creator of the Chill Guy meme had neither granted intellectual property (IP) rights to the project nor authorized its use. Compounding the controversy, reports surfaced that the creator’s X (formerly Twitter) account was compromised, further unsettling the market.
JUST IN: Solana meme coin $CHILLGUY (@chillguycto) dumps 45% in 30 minutes following reports the original Chill Guy meme creator did not give IP rights to the project and his X was compromised 🤯 pic.twitter.com/l8Rq8K6jHE
— BlockNews (@blocknewsdotcom) December 12, 2024
However, the situation took a turn when the meme’s artist, @PhillipBankss, clarified that he had now provided licensing and IP rights for the $CHILLGUY token. In response to the turmoil, @PhillipBankss also opened a Solana wallet to receive donations from supporters, signaling a bid to reestablish trust and stability for the project.
💥 JUST IN: Meme artist @PhillipBankss will provide licensing and IP rights for Solana meme token $CHILLGUY (@chillguycto) pic.twitter.com/gPTRH5YKSq
— Crypto Briefing (@Crypto_Briefing) December 12, 2024
As $CHILLGUY faces challenges, $Fartcoin has emerged as the whale’s preferred investment. With millions at stake and meme coin volatility at play, the developments have captured the attention of traders and enthusiasts, leaving the market eagerly anticipating what’s next for both tokens.
Disclosure: This is not trading or investment advice. Always do your research before buying any Metaverse crypto coins.