Chillhouse, a parody meme coin launched in April, has surpassed Housecoin in market capitalization. Initially designed to mock existing coins like Housecoin and Chillguy, Chillhouse reached a market cap of $26 million within two months. As meme coins continue to gain traction, this flipping has led to the creation of even more absurd tokens such as Farthouse and Chillgull. Housecoin, meant to represent a hedge against a declining housing market, saw its market cap peak at $120 million in May. However, Chillhouse's recent rise has shifted the focus within the meme coin community. While Housecoin trades around $19 million, Chillhouse experienced volatility, currently valued at $17.3 million. The rise and fall of these tokens reflect the volatile nature of cryptocurrency investments, driven by cultural relevance and community engagement.

Source 🔗