After CHILLGUY’s 542,684% surge, is a correction near?

• CHILLGUY’s market cap surged to $445M, driven by viral TikTok and social media promotion.
• The meme coin has skyrocketed 542,684% in the last 10 days but faces concerns over liquidity and volatility.
• CHILLGUY’s growth potential remains promising, especially if listed on major centralized exchanges.

The CHILLGUY meme coin, driven by viral social media attention, has skyrocketed to a $445 million market cap. This impressive growth positions CHILLGUY as a leading Solana-based token. But the key question is: will this upward trend persist, or should we expect a correction?

Over the past ten days, CHILLGUY has recorded a staggering 542,684% gain, jumping from $0.00008309 on November 15 to its current price of $0.451, according to DexTool data. While these numbers have captivated investors, questions about sustainability and long-term growth are becoming more pressing.

CHILLGUY’s rise largely stems from TikTok’s role in amplifying the Chill Guy meme.  Videos promoting the Chill Guy meme have attracted significant retail interest, amplified by influential figures such as president of El Salvador, Nayib Bukele, whose tweet garnered 9.5 million impressions.

Liquidity Concerns and the Risk of a Correction

Despite its impressive market cap of nearly half a billion dollars, CHILLGUY’s liquidity remains relatively low at $10 million, with a pool of 122,120 holders.

This raises concerns about the token’s ability to withstand market volatility or a potential sell-off. Historically, rapid price increases in meme coins are often followed by corrections as early investors take profits and speculative momentum wanes.

Blockchain analyst Nicolai Søndergaard of Nansen has observed that meme coins tend to attract investors seeking short-term gains, particularly those in Gen Z. This demographic, having come of age during economic uncertainty, often prioritizes immediate returns over long-term investment strategies.

CHILLGUY is already feeling the effects, with its price down 24% from its peak of $0.5435 three days ago.

Can Exchange Listings Sustain CHILLGUY’s Momentum?

One factor keeping optimism alive for CHILLGUY is its potential for centralized exchange (CEX) listings. Currently available only on decentralized exchanges (DEXs), a CEX listing could provide the liquidity and exposure needed to sustain growth.

Examples like NEIRO, WIF, and BONK show how meme coins can experience explosive growth following CEX listings. If CHILLGUY secures a spot on platforms like Binance, its price could see another significant rally, attracting new retail and institutional investors.