CHILLGUY Meme Coin Tanks 14% Amid Plagiarism Accusations

CHILLGUY Meme Coin Drops 14% Amid Plagiarism Allegations

Updated: 26 December 2024

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Internet users claim the CHILLGUY meme coin is plagiarized from Thailand’s booklet character RELAXBOY, causing its price to tank by 14%.

Doge-themed meme coin CHILLGUY tanked by around 14% within a day following claims of plagiarism. After weeks of being among the top discussed meme coins in the crypto industry, CHILLGUY is facing accusations of copying Thailand’s RELAXBOY character.

CHILLGUY Meme Coin Under Scrutiny: Possible Plagiarism from Thailand

“Just a Chill Guy” meme coin has been controversial for some time. In October 2023, the coin gained attention on social media, with Philip Banks claiming to be its creator. Banks rejected using his artwork for brand promotions, issuing legal threats on X. Recently, a Reddit post revealed new details and accusations of plagiarism, further fueling the controversy surrounding CHILLGUY.

The "Just a Chill Guy" meme coin drama is heating up! 🔥

Creator Philip Banks isn’t chill about his artwork being used, dropping legal threats that tanked $CHILLGUY.

Now, a Reddit post sparks a plagiarism twist—what’s next for this meme coin mess? 🤔💥 pic.twitter.com/9Pg78FYlSi

— Professor Crypto (@profcryptotalks) December 26, 2024

A Reddit user recently shared an image of a booklet that raises concerns about potential plagiarism involving the CHILLGUY meme coin. The booklet, instead of featuring CHILLGUY, features a character called RELAX BOY, whose face has been swapped with the dog used in the CHILLGUY meme.

However, the publication timeline remains unclear, with some users claiming it’s being six or eight years old. Furthermore, the absence of documentation and the rising usage of AI technology doubt its authenticity. Some investors think it may be an effort to create hype around CHILLGUY to enhance its performance.

CHILLGUY Market Capitalization Declined to $179.18M

Today, CHILLGUY’s price has decreased by 4%, trading at $0.1792, as the ‘Just A Chill Guy’ controversy unfolds. As a result, its market capitalization dropped to $179.18M.

However, CHILLGUY surged 6% in trading volume, reflecting increased investor interaction. The controversy surrounding the token has undoubtedly contributed to strong selling pressure, causing a decline.

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