CHILLGUY, a widely recognized meme coin, has recently been thrust into the spotlight due to a significant price decline. Known for its laid-back vibe, the coin’s value has plummeted by 20%, decreasing from $0.22 to $0.17. This downturn coincides with allegations that its mascot might not be as original as once thought, with claims suggesting it may have been copied from a character in a Thai booklet named RELAXBOY.
Is CHILLGUY Copied From Thailand?
CHILLGUY has become a hot topic in the cryptocurrency community, largely due to its mascot, “Just a Chill Guy,” which has captivated the online audience. The meme coin gained considerable traction following its launch in late 2023. However, recent accusations have cast doubt on its originality, leading to heated discussions within the crypto sphere.
A Reddit user recently shared an image from a Thai booklet showcasing a character named RELAXBOY. The resemblance between this character and CHILLGUY is uncanny, igniting debates over potential plagiarism. Some community members assert that the Thai booklet has been around for at least six years, while others speculate it could be even older. The likeness of the characters is striking, with the main difference being a variation in facial features.
Philip Banks, who claims he originated the “Just a Chill Guy” meme, has openly criticized the use of his creation in marketing or cryptocurrency endeavors. He has previously issued legal warnings, which have already impacted CHILLGUY’s market performance. The emergence of these plagiarism allegations has further intensified the scrutiny on the token.
There is speculation among some users that the Thai booklet reference might be an AI-generated fabrication intended to create controversy and renew interest in CHILLGUY. Regardless of the actual circumstances, these ongoing debates have amplified selling pressure on the token, contributing to its declining market value.
ChillGuy Market Impact
Currently, CHILLGUY’s price has dipped to $0.1732, marking a 16.6% decrease over the past 24 hours. Its market capitalization has also dropped, now standing at $173.58 million. At its zenith, CHILLGUY boasted a market valuation of $650 million and was featured on prominent exchanges such as Bybit and KuCoin. However, the recent plagiarism allegations have cast a shadow over its future prospects.
As the debates continue to swirl, the crypto community remains divided over the authenticity of CHILLGUY’s mascot and the potential impact on its market standing. The outcome of these discussions could significantly influence the meme coin’s trajectory in the coming months. Investors and enthusiasts alike are watching closely to see how this situation unfolds and what it means for the future of CHILLGUY.
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