The meme track has once again seen a myth of a thousandfold wealth.

Just a Chill Guy – this meme that went viral on TikTok (the overseas version of Douyin) has been brought to the blockchain by crypto enthusiasts, and within days, its market value surpassed 500 million USD.

Smart money in the meme space has made a fortune from it, with one player turning an initial investment of 1,000 USD into over 1 million USD in less than a week.

Just a Chill Guy (CHILLGUY) is a meme coin based on the Solana blockchain, created by artist Phillip Banks in 2023. This anthropomorphic character, dressed in a hoodie, jeans, and sneakers, stands with hands in pockets, exuding a "chill and relaxed" demeanor.

This character has become a sensation on TikTok, beloved by the post-00s generation, symbolizing a "Buddhist, relaxed" lifestyle for the new generation.

In just a few days, CHILLGUY's market value skyrocketed from 10 million USD on Monday to 488 million USD at the time of writing. On-chain data shows that a fortunate trader seized the opportunity and profited over 1 million USD with an investment of just over 1,000 USD.

A wallet holder starting with "9zW" invested 233.89 USD when CHILLGUY first launched on Pump.fun. At that time, the coin's market value was just below 11,000 USD. In the next 30 hours, the coin surged by over 38,800%, reaching a market value of approximately 4.4 million USD. During this period, this trader cashed out 16,200 USD through four transactions.

In the following days, the coin experienced a brief pullback before rising again, but the increase was only 180% of the previous peak. During this period, the trader added another investment of 867.35 USD through three transactions, bringing his total cost to about 1,101.24 USD, most of which likely came from his initial profits.

TikTok is not primarily a platform for cryptocurrency, yet the explosion of CHILLGUY has led many traders to believe that new users are entering the crypto space – perhaps it’s true.

On Tuesday, as CHILLGUY began to surge, a spokesperson from MoonPay told Decrypt that it was a record-breaking day for trading volume on Solana, indicating that more people than ever are using its services to inject funds into the Solana ecosystem.

With a large influx of new investors, CHILLGUY surged on Tuesday and Wednesday, with its market cap skyrocketing from 11.50 million USD to 488 million USD, an increase of over 4,000%.

Within two days, this fortunate trader continued to sell off part of his holdings. As of the time of writing, according to data from DEX Screener, the wallet had sold 411,500 USD worth of CHILLGUY, while it still holds nearly 700,000 USD of CHILLGUY.

This has brought the wallet's total unrealized gains to over 1.05 million USD. However, due to the volatile nature of the meme coin market, these gains have not yet been realized. Once the market direction changes, these unrealized profits could vanish in an instant.

Besides CHILLGUY, the wallet also holds over 100,000 USD in derivatives and 13,700 USD in the AI meme coin Goatseus Maximus (GOAT).

However, despite the token's explosive popularity, its creator does not wish to ride the wave. He stated on Twitter, "I do not support/disagree with my artwork being used for anything related to cryptocurrency. Please stop bothering me."

He then set his Twitter account to private to avoid harassment through private messages.

Nevertheless, some so-called "homage" NFT series to CHILLGUY have been launched, with one of them priced at a minimum of 3 SOL (about 700 USD). Additionally, a large number of derivative meme coins have been launched, including tokens for other characters created by Banks, such as Worried Guy (WORRIEDGUY), which Banks referred to as a "flopcoin" (because the coin's market value failed to exceed 100,000 USD) but later surged to 10 million USD.

So, are you into memes yet?