The massive hype around Chill Guy (CHILLGUY) from last week is dying down.
CHILLGUY has taken another 12% hit in the past 24 hours as legal troubles mount over its use of the “chill guy” character.
But while this token stumbles, Catslap (SLAP) continues to go from strength to strength – with some predicting it will be the next meme coin to explode.
CHILLGUY’s Rise & Fall – From Viral Success to Legal Trouble
CHILLGUY started last week as just another Solana meme coin, but it didn’t stay that way for long.
As its name suggests, the token is based on the super-chill dog meme that has been trending on TikTok and Twitter.
And crypto traders couldn’t get enough.
What started as a joke turned into serious money – hitting a $530 million market cap within a few days of its launch.
Many lucky traders were able to turn small investments into life-changing fortunes.
But then things changed.
The original artist behind the chill dog meme, Philip Banks, found out his work was being used to pump the coin’s price, and he wasn’t having it.
Banks refused to endorse the coin and announced he would issue a takedown order against it.
Unsurprisingly, CHILLGUY’s price tanked after this news began to break.
The coin is down 20% in the past day, now hovering around the $0.538 level.
How Social Media Trends Keep Producing Explosive Meme Coins
Crypto loves turning internet memes into viral coins, and CHILLGUY is just the latest example.
Just look at Peanut the Squirrel (PNUT) – based on a famous real-life squirrel and the outrage around its death.
PNUT was launched to pay homage to that squirrel and exploded almost immediately.
It’s still the ninth-biggest meme coin in the world at the time of writing.
Another example is Goatseus Maximus (GOAT), which was created by an AI bot and hit a $1.3 billion market cap at its peak.
The playbook seems pretty simple – find something trending, create a token before anyone else, and hope it rockets.
We’ve seen this strategy work with SPX, NEIRO, and of course BONK.
WIF is still the biggest Solana meme coin, regularly seeing over $650 million in daily trading volume.
And as the meme coin craze continues, retail traders will continue doing what they do best: searching for the next big hit.
Could Catslap Be the Next Big Meme Coin? New Cat Coin Up 1,800% & Preparing Slap-to-Earn Game
While CHILLGUY deals with a legal headache, Catslap has been making some serious moves since launching last week.
It’s up 1,800% since its launch price – and that’s after cooling off from its 5,800% spike late last week.
The team behind Catslap isn’t here for quick gains.
Their “Slapometer” just hit 10 million slaps, and they celebrated by burning 10 million SLAP tokens.
That has reduced the overall supply, making the remaining tokens scarcer – and potentially more valuable.
What’s also got everyone talking is the rumors around an upcoming “Slap-to-Earn” game.
Given how past Play-to-Earn games have been huge successes, this could be what Catslap needs to take it to the next level.
Right now, SLAP’s market cap is still just $18.4 million.
Stack that against CHILLGUY’s $533 million market cap, and you can see why many traders believe SLAP has room to run.
Some members of Catslap’s Telegram channel believe it could outpace CHILLGUY in the long term.
And the analysts at 99Bitcoins have gone even further – speculating SLAP could 100x from here.
Overall, the future looks bright for this new cat coin.
With CHILLGUY showing what’s possible, there’s every chance Catslap could be the market’s next viral sensation.
Visit Catslap Token Site
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