Altcoin
CHILLGUY Price Soars 40% on Major Listings and MrBeast’s Support
Solana meme coin Just a chill guy (CHILLGUY) price soared over 40% on Wednesday, defying the broader trend with backing from prominencies. Notably, as top crypto exchanges listed the meme coin and MrBeast lauded the meme behind it, a bullish wave swallowed the token. Simultaneously, with additional bullish on-chain metrics weighing in, the crypto has garnered significant interest among traders and investors in the market, as indicated by a roughly 25% surge in intraday trading volume.
CHILLGUY Gains Traction Amid Backing From Major Exchanges & MrBeast
The meme coin ‘Just a chill guy’ rides an optimistic wave against the backdrop of top crypto exchanges, such as Bybit and KuCoin, listing the token. In an official X post dated November 27, KuCoin revealed that it is listing the coin, with deposits now open. Simultaneously, trading for the token is to commence on the same day, with the trading pair CHILLGUY/USDT being added to the platform.
In addition, the crypto exchange Bybit revealed listing the same trading pair mentioned above, with withdrawals starting at 10 AM UTC today. The update also revealed that Spot Grid Bots services will be supported for the token on the platform.
Overall, these listings have ignited an optimistic torrent for the Solana meme coin, paving the path for further investor interaction with the asset. Further, it’s also noteworthy that the coin could see further listings as it continues to gain market popularity.
Notably, the renowned American personality MrBeast took to X on November 26, reiterating that Just a chill guy is the “Biggest meme of our lifetimes.” This statement has added fuel to the optimistic fire for the crypto amid its phenomenal price gains.
However, it’s also noteworthy that the American millionaire was recently accused of partaking in crypto pump-and-dump schemes. Nevertheless, CoinGape Media reported MrBeast to have denied the crypto scam allegations, sparking discussions globally while also adding intrigue to the meme token.
Altogether, the abovementioned events have pushed the Solana meme coin to emerge as the talk of the crypto town, with remarkable gains witnessed in CHILLGUY price whilst the coin continues to eye further bullish movements.
Solana Meme Coin’s Price Rockets
At the time of reporting, CHILLGUY price witnessed gains worth 40% intraday and is trading at $$0.622. Its 24-hour low and high were $0.4156 and $0.648, respectively. The coin’s trading volume witnessed a 23% surge from yesterday to $244.96 million. Moreover, the weekly chart for the crypto indicated gains worth 51%. This bullish trajectory has sparked substantial investor enthusiasm about the asset amid major backing.
Further, Lookonchain data on November 27 indicated that a trader ‘sbfonchain.sol’ sold massive amounts of WIF to buy $1 million of Just a chill guy coin. This data showed a heightened market interest in the asset while also bringing further buying pressure to the crypto.
Simultaneously, another trader, 9cSDZ, spent only $160 to buy 12.5 million CHILLGUY 12 days ago. To date, holding 9.62 million of the same token for a profit of $6.14 million, this trader has garnered further attention to the meme-themed coin. Overall, the abovementioned stats have solidified market optimism on the crypto’s long-term prospects.
However, it’s also worth noting that the crypto also faces risks due to legal action from Phillip Banks, the creator behind the original meme Just a chill guy. Notably, the meme creator expresses his unhappiness with his art usage in the crypto project, primarily for profit-making purposes.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
OM price has reacted negatively to MANTRA’s new token burn announcement. The team announced a token burn plan that will remove 150 million OM tokens from circulation forever. As per the details, they will plan an additional 150 million token burn which can bring the burn amount to 300 million tokens.
OM Price Slumps After Token Burn Announcement
According to the company’s announcement, CEO and Founder John Patrick Mullin will burn his entire 150 million allocation of team tokens. This was a promise he made to the community last week.
Despite the substantial supply reduction plan, the OM token price has reacted negatively to the news. Data shows that the OM price is down approximately 5% in the last 24 hours and trades at $0.5437. This decline adds to a much steeper drop of 91% over the past 30 days. Amidst this drop, CoinGape analysis talks about the possibility of OM rebounding 50% from its lows.
The token burn process has already started with the unstaking of 150 million OM from the Team and Core Contributor allocation. This was initially staked at mainnet genesis in October 2024 to support network security. The company has provided transaction hashes for verification, and the unstaking period will complete on April 29, 2025. Following this, the OM will be sent to a burn address and permanently removed.
MANTRA has started a transparent process for the token burn and has provided specific technical details to allow community verification of each step. The unstaking of 150 million tokens from the Team and Core Contributor allocation has begun and can be tracked through three transaction hashes provided in the announcement.
The tokens were originally staked at mainnet genesis in October 2024 to bootstrap network security. According to the announced timeline, the unstaking period will conclude on April 29, 2025, after which all 150 million tokens will be sent directly to the designated burn address.
MANTRA Plans An Additional 150 Million Token Burn
MANTRA has also mentioned that once the burn transaction is executed, they will give complete verification to the users. The company is also in discussions with key ecosystem partners to implement an additional 150 million OM token burn. This would double the impact of the initial burn to a total of 300 million OM removed from circulation.
The token burn will have major effects on MANTRA’s tokenomics and staking economics. According to the blog details, the 150 million OM burn will reduce the total supply from 1.82 billion OM to 1.67 billion OM. This is regarding an 8.2% reduction in the overall number of tokens present.
The burn will also impact the staking configuration within the network in a particular manner. Removing these tokens from staked supply will reduce the staked tokens to 421.8 million OM.
This adjustment will decrease the bonded ratio of the network from 31.47% to 25.30%. This decrease in the bonded ratio is especially important to stakers who bond their OM. This is because it will lead to a greater staking APR (Annual Percentage Rate).
Mantra’s crash was one of the most notable ones recently. Crypto exchange Binance also broke silence amid the token’s crash.
Vignesh Karunanidhi
Vignesh Karunanidhi is a seasoned crypto journalist with nearly 7 years of experience in the cryptocurrency industry. He has contributed to numerous publications, including WatcherGuru, BeInCrypto, Milkroad, and authored over 10,000 articles
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Crypto expert Dr. Altcoin has revealed the efforts that the Pi network team has made so far to help stabilize the Pi coin price. The expert explained that this is the reason why the altcoin has been able to stay above the $0.63 support level, rather than dropping to new lows following the recent token unlocks.
Expert Reveals How Pi Network Team Has Helped Stabilize Pi Coin Price
In an X post, Dr. Altcoin revealed that the Pi Network team has already implemented a strategy to absorb the extra Pi supply entering Centralized Exchanges (CEXs) to help stabilize the Pi coin price. He remarked that it has worked so far, seeing as the price has stabilized.
The expert made this revelation while explaining why the Pi coin hasn’t dropped to $0.30 or even lower amid the large volume of unlocked Pi. Instead, the coin has held above the $0.60 support.
Dr. Altcoin asserted that this move from the Pi Core Team proves that the project is not just another pump-and-dump project and that the coin is here to stay and lead. The expert admitted that he and the entire Pi community remain disappointed with the current price and the team’s ongoing lack of communication.
However, he hopes that the team resolves this soon. The expert also affirmed that the Pi Network has remained successful, consistently ranking in the top 30 crypto by market cap. He also stated that the recent strategy by the Pi Core Team to manage the influx of Pi is a clear sign of their long-term vision for the project.
It is worth mentioning that the expert also recently mentioned that the Consensus 2025 conference is pivotal for Pi’s ecosystem. He believes this is an avenue for the team to promote the project.
Pi Coin Price To Still Reach $314
In his post, Dr. Altcoin also stated that he believes that the Pi Network’s price can still reach $314 within the next five years. He added that he has never been more confident in the project’s future than he is today.
In line with this, he urged all Pi community members to continue supporting the project and keep buying the altcoin while it is still cheap. Community members look to be actively accumulating at the moment. As CoinGape reported, whales recently moved over 41 million Pi coins off exchanges, providing a bullish outlook for Pi Network’s price.
In the short term, crypto analysts like Moon Jeff predicted that the Pi coin price could reclaim the $1 level and rally to as high as $5 soon. A listing by a top crypto exchange could undoubtedly send the altcoin to new highs. CoinGape recently reported that the HTX exchange has hinted at a potential listing of the altcoin.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several topics and niches. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover, a traveler and a part-time degen.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
PancakeSwap, the largest decentralized exchange (DEX) on BNB Chain, has officially announced the implementation of CAKE Tokenomics 3.0. This marks a major shift toward a more sustainable and deflationary ecosystem.
According to the announcement, PancakeSwap will begin rolling out the new tokenomics model on April 23, 2025. The main goals are to curb CAKE inflation, optimize system efficiency, and deliver long-term value to the community. However, the CAKE 3.0 proposal has sparked considerable debate.
What Are the Key Changes in CAKE Tokenomics 3.0?
PancakeSwap has set three primary goals for Tokenomics 3.0: achieve an annual deflation rate of 4%, eliminate complex mechanisms such as veCAKE, and reduce CAKE emissions to improve sustainability.
Here are the specific changes:
- Retirement of CAKE Staking, veCAKE, Gauges Voting, Revenue Sharing, and Farm Boosting: PancakeSwap will discontinue CAKE staking and the veCAKE mechanism, which required users to lock tokens in exchange for voting rights or benefits. All locked CAKE and veCAKE will be unlocked.
- Burn Mechanism to Reduce Circulating Supply: PancakeSwap will burn tokens to reduce supply instead of sharing trading fees with users. The team expects to burn approximately 5.3 million CAKE annually, supporting the deflation target.
- Phased Reduction in CAKE Emissions: Daily CAKE emissions will be reduced from 29,000 to 20,000, and later to 14,500 tokens.
Users will have six months from April 23, 2025, to withdraw their previously locked CAKE.
The Debate Around CAKE 3.0
Several developers and community members believe CAKE Tokenomics 3.0 will benefit the project in the long term.
“At its core, CAKE Tokenomics 3.0 defends true value and protects CAKE holders by strengthening long-term fundamentals—such as aggressively cutting emissions to accelerate deflation and sustainably grow value,” Chef Philip said.
However, not everyone agrees. Cakepie DAO—one of the largest veCAKE holders—voiced strong concerns on X. They criticized the decision to eliminate veCAKE, calling it non-transparent and potentially damaging to projects built around that model.
This reveals a divide in the community over how PancakeSwap is balancing deflation and stakeholder interests.
“Sunsetting veCAKE would be devastating for Cakepie and for every project built on long-term alignment with PancakeSwap. Our entire ecosystem is structured around veCAKE, with millions of CAKE locked for four years as a clear show of commitment. Removing veCAKE would erase that commitment overnight and undermine the trust and efforts of all builders who believed in PancakeSwap’s vision,” Cakepie stated.
In response, PancakeSwap proposed a $1.5 million compensation package in CAKE tokens. They offered this to CKP (Cakepie’s token) holders if Cakepie agreed to allow a 1:1 swap from mCAKE (Cakepie’s CAKE derivative) to CAKE.
However, Cakepie is currently voting on whether to accept the offer.
At the time of reporting, CAKE is trading around $1.97, up 17% since April 8, when PancakeSwap first proposed Tokenomics 3.0.
Additionally, data from DeFiLlama shows that PancakeSwap’s 24-hour trading volume has surpassed $1 billion, overtaking Uniswap.
Meanwhile, a report from BeInCrypto reveals that PancakeSwap controls over 90% of the DEX market share on BNB Chain. This highlights the strong relationship between BNB Chain and PancakeSwap.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
OM Price Reacts as MANTRA Announces Major 300M Token Burn Update
Onyxcoin (XCN) Shows Reversal Signs After 200% Rally
Ethereum Price Eyes $2,700 As Wyckoff Accumulation Nears Completion
Expert Reveals Pi Network’s Team Efforts To Stabilize Price Amid Token Unlocks
3 Altcoins to Watch in the Fourth Week of April 2025
Public Companies are Buying Bitcoin Again After a Brief Pause
2.52 Million Altcoins Are Ruining Crypto’s Future
Animoca Brands Valuation Tanks 75% In Two Years, Here’s Why
Crypto exchange BingX hacked for $43 million
Are The Big Players Losing Interest?
Hong Kong’s Securities Association Tips Authorities On Crypto Self-Regulation
Coinbase cbBTC Set to go Live on Solana
2.52 Million Altcoins Are Ruining Crypto’s Future
Animoca Brands Valuation Tanks 75% In Two Years, Here’s Why
Crypto exchange BingX hacked for $43 million
Are The Big Players Losing Interest?
Hong Kong’s Securities Association Tips Authorities On Crypto Self-Regulation
Coinbase cbBTC Set to go Live on Solana
-
Bitcoin14 hours agoUS Economic Indicators to Watch & Potential Impact on Bitcoin
-
Bitcoin23 hours agoBitcoin LTH Selling Pressure Hits Yearly Low — Bull Market Ready For Take Off?
-
Bitcoin20 hours agoHere Are The Bitcoin Levels To Watch For The Short Term
-
Market17 hours agoBitcoin Price Breakout In Progress—Momentum Builds Above Resistance
-
Altcoin12 hours agoExpert Reveals Why BlackRock Hasn’t Pushed for an XRP ETF
-
Market14 hours agoVitalik Buterin Proposes to Replace EVM with RISC-V
-
Altcoin17 hours agoExpert Says Solana Price To $2,000 Is Within Reach, Here’s How
-
Market15 hours agoSolana Rallies Past Bitcoin—Momentum Tilts In Favor of SOL
✓ Share: