The Solana-based meme coin CHILLGUY has surged more than 135% in the past week, including a 37% jump in just 24 hours, now trading over $0.62. Its market cap grew from $461 million to $621 million in two days, buoyed by the creator Philip Banks' legal actions against unauthorized merchandise and knockoffs. This controversy has fueled viral interest across platforms like TikTok and Twitter, attracting over 136,800 holders. Onchain analytics show that institutional investors contributed $108,450 in smart money inflows within 24 hours, reflecting growing confidence in CHILLGUY’s potential. The coin's laid-back mascot resonates with Gen Z and millennials, aiming to outperform established meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB). Circumstantially, another token, JUSTICE, surged due to emotional narratives surrounding a controversial government raid affecting an individual’s pets, highlighting the market's responsiveness to personal stories.

Source 🔗