Solana (SOL)-Based CHILLGUY Memecoin Falters As Illustrator Threatens Legal Action: Report
The illustrator behind the viral “Chill Guy” meme is warning CHILLGUY holders that he plans to take legal action against the Solana ( SOL )-based memecoin over copyright issues.
According to a new Decrypt report , Chill Guy creator Phillip Banks recently took to the social media platform X to threaten legal action against unauthorized, for-profit uses of his viral cartoon.
“just putting it out there, chill guy has been copyrighted. like, legally. I’ll be issuing takedowns on for-profit related things over the next few days.”
Phillip Banks has locked his X account since the post. Per a screenshot from X user TheDeFiApe, Banks plans on going after unauthorized merchandise and memecoins.
Source: TheDeFiApe/X
Despite Banks’ protest, Crypto.com announced yesterday that the exchange was listing CHILLGUY. Gate.io, the tenth-largest crypto exchange by trading volume, also launched CHILLGUY trading yesterday as a “Pilot Section” project.
“CHILLGUY just launched on Gate.io’s Pilot Section and already skyrocketed 1065.01% in its first 24H!
From TikTok sensation to explosive memecoin – CHILLGUY showcases the incredible potential of Gate.io’s Pilot Section projects.”
Though the Chill Guy crypto project has yet to issue an official response, a meme posted to the memecoin’s X account this morning appears to be directed at Banks.
“Keep your crypto donations I’ll enjoy my Xbox.”
Source: chillguyx/X
CHILLGUY is trading for $0.381 at time of writing, down 5.5% in the last 24 hours. Chill Guy is down 18.6% from its all-time high of $0.479, reached yesterday. Following Banks’ tweet, CHILLGUY fell about 54%. The extremely volatile memecoin was created less than seven days ago.
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inboxCheck Price Action
Follow us on X , Facebook and Telegram
Surf The Daily Hodl Mix
Generated Image: DALLE3
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Cobie: Long-term trading
Crypto Twitter doesn't want to hear "get rich in ten years" stories. But that might actually be the only truly viable way.
The central bank sets a major tone on stablecoins for the first time—where will the market go from here?
This statement will not directly affect the Hong Kong stablecoin market, but it will have an indirect impact, as mainland institutions will enter the Hong Kong stablecoin market more cautiously and low-key.
Charlie Munger's Final Years: Bold Investments at 99, Supporting Young Neighbors to Build a Real Estate Empire
A few days before his death, Munger asked his family to leave the hospital room so he could make one last call to Buffett. The two legendary partners then bid their final farewell.
Stacks Nakamoto Upgrade
STX has never missed out on market speculation surrounding the BTC ecosystem, but previous hype was more like "castles in the air" without a solid foundation. After the Nakamoto upgrade, Stacks will provide the market with higher expectations through improved performance and sBTC.
Trending news
MoreCrypto prices
More
