Flipping Housecoin? Parody Solana Meme Coin Overtakes Token It Was Created to Laugh At
Summary
Chillhouse, launched in April, surpassed Housecoin in market cap, prompting the creation of additional meme tokens like Farthouse and Chillgull. Chillhouse's market cap peaked at $26 million after a 168% increase, while Housecoin remained flat at $19 million. Housecoin previously reached $120 million in May, marketed as a hedge against a declining housing market amid record low pending home sales in the U.S. and rising property prices in Europe. The rise of meme coins reflects a trend of financial nihilism among youth seeking risky investments. Chillhouse aims to flip Chillguy, which peaked at $775 million but has since dropped to $44 million. The community humorously suggests absurd connections between Chillguy and significant events.
