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Will Copyright Fight Boost Major Listings?

Andras Crow-Hreidar by Andras Crow-Hreidar
November 25, 2024
in Crypto, News
Reading Time: 2 mins read
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Creator of Viral ‘Chill Guy’ Meme Takes Legal Action Against $500M Token
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The “Chill Guy” meme has become a sensational topic in the crypto community, propelling the CHILLGUY memecoin to new heights. In a mere 24 hours, the coin surged by 55%, capturing the attention of crypto enthusiasts worldwide. The meme’s creator, Philip Banks, is actively defending his creation against unauthorized usage in crypto projects and merchandise. Meanwhile, insiders suggest that the memecoin will soon be listed on major exchanges, further fueling its growth.

CHILLGUY’s Unstoppable Growth

The Solana-based CHILLGUY memecoin ($CHILLGUY) has witnessed an extraordinary rise, with its price approaching the $0.48 mark after a remarkable 55% increase within just a day. Since its inception on November 15, the coin has gained immense popularity, starting with a modest $10 million market cap and now exceeding $457 million. This success can be attributed to the viral “Chill Guy” character, a laid-back brown dog clad in a grey sweater, jeans, and red sneakers.

The meme’s widespread appeal, especially among Gen Z users on platforms like TikTok, has made it one of the most discussed meme coins. Adding to its rapid ascent, endorsements from notable personalities, including a tweet from Nayib Bukele, have further catapulted its popularity, positioning CHILLGUY as a favorite in the crypto world.

Copyright Dispute: Creator Speaks Out

Philip Banks, the creative mind behind “Chill Guy,” has voiced his concerns over the unauthorized exploitation of his meme in various crypto projects. Although he appreciates the meme’s social media traction, he strongly opposes its use in merchandise and cryptocurrencies without his consent. Banks has hinted at potential legal action to safeguard his intellectual property, sending a stern warning to those misappropriating his character.

On social media platform X, Banks articulated his frustration over the commercialization of the meme, particularly through “unauthorized merchandise and shitcoins.” He clarified that while he is not overly bothered by brand accounts utilizing the character as a trend, he insists on receiving credit. His primary grievance lies with unauthorized merchandise and cryptocurrencies.

Exchange Listings Could Push CHILLGUY Higher

Despite the ongoing controversy, CHILLGUY continues to build momentum. A significant portion of its trading occurs on decentralized platforms like Raydium, which accounts for 58% of its daily activity. Crypto insiders are now speculating about a potential listing on major exchanges such as Binance or ByBit, which could provide the coin with an even more substantial boost.

Currently, CHILLGUY is available on exchanges like MEXC, Crypto.com, and Gate.io. With its rising popularity and the prospect of new listings, the Chill Guy memecoin shows no signs of slowing down, promising an exciting future for investors and enthusiasts alike.

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Andras Crow-Hreidar

Andras Crow-Hreidar

Hi there, my name is András and I'm a business and finance journalist living in Norway. My passion lies in uncovering the latest stories in the world of finance and delivering them to my readers in a way that's clear and engaging. I cover a wide range of topics in the finance world, including cryptocurrencies, which I believe have the potential to transform the way we interact with money and financial systems.As a journalist, I'm committed to providing my readers with accurate and reliable reporting. I believe that access to high-quality information is essential for making informed decisions, whether it's about personal finances or investments. When I'm not writing about finance, I enjoy a variety of hobbies and interests.

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