The cryptocurrency world is abuzz with discussions about ChillGuy (CHILLGUY), a meme coin that recently captured significant attention. Known for its laid-back persona, ChillGuy has unfortunately experienced a steep decline in its value. The token, which became popular for embodying a relaxed attitude, has seen its price plummet by 20%, dropping from $0.22 to $0.17. This downturn follows allegations that its mascot might not be as original as once thought, potentially being a copy of a character from a Thai booklet, known as RELAXBOY.
Is CHILLGUY Copied From Thailand?
CHILLGUY has been at the forefront of crypto discussions, with its mascot, “Just a Chill Guy,” capturing the hearts of internet users. Launched in late 2023, the meme coin quickly gained traction. However, recent allegations questioning the originality of its mascot have emerged. A Reddit user unveiled an image of a Thai booklet featuring a character named RELAXBOY, which bears a striking resemblance to CHILLGUY. This revelation has ignited debates surrounding potential plagiarism.
The booklet’s character appears nearly identical to CHILLGUY, albeit with a different facial expression. The controversy has been exacerbated by claims that the booklet predates the meme coin by several years, with some users suggesting it could be at least six years old or even older. This striking similarity has cast a shadow over the meme coin’s originality.
Philip Banks, who claims to be the creator of the original “Just a Chill Guy” meme, has voiced his disapproval of its use in marketing or cryptocurrency ventures. In the past, he issued legal warnings that impacted CHILLGUY’s price, and the current plagiarism allegations have further intensified the pressure on the token.
Amidst these claims, some speculate that the Thai booklet’s reference could be an AI-generated fabrication aimed at sparking controversy and reviving interest in the token. Despite the uncertainty regarding the truth of these allegations, the ongoing debates have undeniably contributed to increased selling pressure on CHILLGUY, resulting in a significant decline in its market value.
ChillGuy Market Impact
As of today, CHILLGUY’s price has dropped to $0.1732, marking a 16.6% decrease in the past 24 hours. The token’s market value has fallen to $173.58 million, a considerable decline from its previous highs.
At its peak, CHILLGUY boasted a market value of $650 million and was listed on prominent exchanges such as Bybit and KuCoin. However, the recent plagiarism allegations have cast doubt on the coin’s future prospects. The controversy surrounding its mascot’s originality has raised questions about the sustainability of its popularity and market performance.
In conclusion, the ChillGuy meme coin finds itself at a crossroads, grappling with allegations that threaten its reputation and market standing. As debates continue to swirl around its mascot’s originality, the cryptocurrency community remains divided. The outcome of these discussions will likely play a crucial role in determining CHILLGUY’s trajectory in the volatile world of digital currencies.
