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
Ethereum News Today: Institutions Stake $89B in Ethereum Yields as Bitcoin Fades
- BlackRock’s ETHA ETF recorded $262M in single-day inflows, contributing to $1.83B in 5-day net inflows (85% of daily flow). - Institutional investors purchased 4.9% of Ethereum’s supply, including $89.2M by BlackRock and $21.2M by BitMine. - Ethereum’s 4.5–5.2% staking yields, PoS upgrades, and regulatory clarity (CLARITY/GENIUS Acts) drove institutional adoption. - Dencun/Pectra hard forks reduced gas fees by 90%, while Ethereum’s deflationary model and $5B in tokenized RWAs reinforced its appeal. - ETH
Bitcoin News Today: Bitcoin's bearish test: Will support hold as short-term sellers and Fed uncertainty loom?
- Bitcoin fell below $109,000, facing key resistance at $113,600 and support near $108,000. - Bitcoin ETFs saw $1.5B outflows, contrasting with Ethereum ETFs' $307M inflows as investors shift capital. - Fed policy uncertainty and technical indicators signal bearish pressure, though long-term bullish fundamentals remain intact.
Dogecoin News Today: Investors Shift Focus to Pepeto as Dogecoin's Growth Hits Ceiling
- Pepeto (PEPETO), an Ethereum-based meme coin with $6.4M raised in presale, offers zero-fee trading and cross-chain transfers to address limitations of traditional meme coins. - Its tokenomics allocate 30% to presale liquidity, 30% to staking (237% APY), and 20% to marketing, contrasting Dogecoin's $145B supply and limited $10 price potential due to trillion-dollar market cap constraints. - Audited smart contracts, no trading taxes, and whale-driven demand position Pepeto as a high-growth alternative to B
Official GDP Data Enters the On-Chain Era: 9 Major Blockchains to Store U.S. Economic Data
Trending news
MoreCrypto prices
More
