Phillip Banks, the creator of the popular “Chill Guy” meme, has announced that he has copyrighted the character and plans to issue takedown notices for any for-profit use. This news has caused a stir in the crypto community, with many notable figures responding with humor and suggesting that Banks accept tokens or money through a Solana address.
The CHILLGUY token, which was created as a spoof meme token, went viral on Crypto Twitter this week, with its market capitalization reaching $500 million at its peak. However, Banks’ legal threats have caused the token’s value to drop by almost 50%, as investors take profits and wait to see how the situation unfolds.
Banks has stated that he will be targeting unauthorized merchandise and “shitcoins” that use the Chill Guy character for profit. This has caused some traders to ask Banks to post a Solana address for receiving money or tokens, in the hopes of keeping the fun going.
The Chill Guy meme has attracted attention from brands and even El Salvador’s President Nayib Bukele, who have all jumped on the bandwagon and boosted the narrative around the token. However, it is not clear who Banks plans to target with his takedown notices.
The rise of the CHILLGUY token was supposedly fueled by its viral spread on TikTok, where even non-crypto users were discussing how to buy it. This led to a speculative trend of searching for new viral tokens on social media, with traders hoping to find the next big thing. However, these trends are often short-lived, as new memes constantly emerge and divert attention.
In the end, the 100,000 token holders of CHILLGUY are not feeling so chill anymore, as the future of the token remains uncertain. It seems that the Chill Guy meme, which was once a symbol of being unfazed by life’s challenges, has now become a source of drama and controversy in the crypto world.
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