Nayib Bukele tweet pumps Chill Guy memecoin amid creator’s legal threats
Nayib Bukele tweet pumps Chill Guy memecoin amid creator’s legal threats A Thursday evening tweet of the Chill Guy meme by El Salvador’s President Nayib Bukele pumped the price of a Solana memecoin by 65% in 90 minutes. While Bitcoiners interpreted the tweet as a reaction to bitcoin’s rally above $96,000, memecoin traders interpreted the tweet literally. Although dozens of Chill Guy-named memecoins exist, the largest and most liquid version exists on Solana. Starting at a market capitalization of $300 million as of 9:09pm in El Salvador when Bukele tweeted, crypto traders immediately ran up the coin to a $500 million market cap . Bukele’s tweet saw crypto traders pump the coin to a $500 million market cap in 90 minutes. As of publication time, the tweet has earned over 1.4 million views and the associated memecoin has generated over $350 million in 24-hour volume. Bukele claims that El Salvador became a sovereign bitcoin investor on September 6, 2021. ...